New Dehi: 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 on Monday.
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. (PTI)
• • •
France gambles on new budget cuts as growth slows
Paris: France was set to announce €8 billion or more in cuts and tax hikes on Monday, imposing more pain on voters to protect its credit rating and rein in its deficit in a make-or-break gamble for President Nicolas Sarkozy six months from an election.
Sarkozy’s centre-right government says extra savings are urgently needed to keep France’s finances from going off the rails, since it cut its growth forecast for next year to 1% from 1.75% last week. (Reuters)
• • •
‘Ex-ECB’s Papademos front-runner for Greek PM job’
Athens : Former deputy president of the European Central Bank Lucas Papademos is the front runner to become Greece’s new prime minister, Greek media wrote on Monday.
“Lucas Papademos will be as of tomorrow the new prime minister of the country after the agreement that the outgoing Prime Minister George Papandreou and the opposition head Antonis Samaras reached last night,” centre-left daily Ta Nea wrote, without quoting sources. (Reuters)
• • •
Iran nearing nuclear capability: Report
Intelligence provided to the United Nations’ nuclear watchdog agency shows that Iran has mastered the critical steps needed to build a nuclear weapon, The Washington Post reported on Sunday.
According to the intelligence, Iran appears to have received crucial technical assistance from foreign experts, the newspaper reported, citing Western diplomats and nuclear experts briefed on the findings by the International Atomic Energy Agency (IAEA). (Reuters)
• • •
GM on track to double China sales by 2015 despite market slowdown
Beijing: General Motors remains on track to double its annual China sales to 5 million vehicles by 2015 despite a market slowdown, its China chief said on Monday.
“We still have our plan in place to double our volume by 2015, and we are still working towards that,” Kevin Wale, president and managing director for GM’s China operation told Reuters in a telephone interview. (Reuters)
• • •
US budget battles to shadow Obama on Asia-Pacific tour
Washington: President Barack Obama’s efforts next week to persuade Asia-Pacific leaders of his commitment to the region may be undercut by distractions in Washington, where budget fights may come to a head while he is away.
Obama embarks on a nine-day trip to Hawaii, Australia and Indonesia on Friday that he will use to highlight US-Asian economic ties and the long-standing US role in the region’s security. (Reuters)