NTPC plans to raise capacity to 1,28,000 MW by 2032

New Delhi, Nov 7: The country's largest power generator NTPC has chalked out ambitious plans of taking its capacity to over 1,28,000 MW by 2032.

"NTPC is currently working on many new projects for rapid capacity addition and plans to become 1,28,000 MW plus company by 2032," CMD NTPC Arup Roy Choudhury while addressing the company's employees at a meeting here today.

The total installed capacity of NTPC is 34,854 MW, with 15 coal-based, 7 gas-based power stations and 6 joint venture power projects located across India.

It is currently working on projects with a cumulative capacity of 40,000 MW, of which 14,000 MW is in various stages of implementation.

These plants generated 220.54 Billion Units (BUs) of electricity during 2010-11, contributing more than 27 per cent of total electricity generated in India with about 18 per cent share of country's total installed capacity, an official statement said.

The company is also welcoming suggestions from its employees for improving its management practices.

"NTPC looks forward to the suggestions of employees for incorporating better policies and systems of the company," Choudhury said.

The company recently tied up a syndicated loan worth Rs 2,341 crore from a consortium of Indian banks for its 390-MW Muzaffarpur thermal power project in Bihar.

NTPC Kanti Bijlee Utpadan Nigam Limited, a subsidiary of NTPC Limited, has achieved financial closure on its Muzaffarpur thermal power project, consisting of two units of 195 MW each.

The company has mobilized loans worth Rs 10,000 crore from State Bank of India this fiscal (2011-12). It has also secured a USD 300 million loan from Bank of Tokyo-Mitsubishi UFJ Ltd, Singapore.

PTI