New Delhi: NTPC, India’s largest power producer, plans to raise a whopping Rs 1,12,000 crore in debt to finance its capacity expansion projects envisaged over the next 10 years.
The state-owned company has charted a plan to raise its generation capacity from 27,000 MW to 75,000 MW by 2017 for which it plans to raise money from the financial markets including from foreign shores.
“We will require around Rs 1,60,000 crore over the next 10 years for which we are looking at a debt equity ratio of 70:30,” NTPC Chairman and Managing Director T Sankaralingam told PTI.
“We are definitely looking at the foreign markets for raising money and are confident of mobilising all the resources from both domestic and foreign markets,” he said.
For the 11th Five-year Plan, NTPC plans to increase production capacity to 51,000 MW.
The company, which currently accounts for 20 per cent of the country’s power generation, has already started work on capacity expansion.
Last week, it started work on the expansion of its Dadri thermal power plant. It is expanding its generation capacity by adding 2x490 MW from the present 4x210 MW. It also produces 817 MW power from gas at Dadri.
This apart, NTPC is undertaking a 1,000-MW expansion project at Simhadri Power Plant near Visakhapatnam and is also setting up a 1,000 MW power plant at Ennore before March 2007.
“For the almost 25,000 MW capacity to be added during the 11th Plan, we will require Rs 80,000 crore,” Sankaralingam said.