NTPC to raise over `1 trillion debt during 12th Plan1 min read . Updated: 04 Aug 2013, 11:13 PM IST
State-run utility to add more than 14,078MW during the Plan period
New Delhi: The country’s largest power producer, NTPC Ltd, plans to raise over ₹ 1 trillion of debt to fund expansion in the current Five-Year Plan period ending March 2017.
The state-run utility, which has more than 41,100 megawatts (MW) of installed generation capacity, plans to add more than 14,078MW during the 12th Plan period. Of this, 4,170MW of capacity was commissioned in the first year (2012-13).
The company said the 12th Plan outlay has been finalized at ₹ 1,52,341 crore, with debt to account for about ₹ 1,01,406 crore. Debt of ₹ 11,133 crore has already been deployed during FY13 and debt of ₹ 17,074 crore has been tied up and is yet to be drawn as on 31 March 2013, the power producer said in a presentation to investors on 1 August.
NTPC said debt was mobilized on “most optimal rates from both domestic and international markets due to low gearing and healthy coverage ratios".
In the current financial year, NTPC expects to add 1,875MW, besides 65MW of solar capacity. Projects with generation capacities of 20,064MW are under construction, including thermal, hydro and solar plants.
According to NTPC, feasibility reports have been approved for projects with a total capacity of about 20,700MW. In the three months ended June, the company saw its net profit rise 1.1% to ₹ 2,527.02 crore, while revenue from operations declined 3.1% to ₹ 15,661.85 crore.