Tuesday, 26 November 2013

NTPC plans to cut thermal coal imports to 12 MT per year: Report

State-run power generation utility, NTPC is reportedly planning to cut thermal coal imports to 12 million tonnes (MT) per year on a long-term basis starting 2018, compared with 16 million tonnes currently, as the company wants to reduce dependence on costly shipments. Further, the company is also looking for an expression of interest from third parties for the import of coal for up to 15 years. Meanwhile, the company is building plants with capacity to produce 20 gigawatts of power.

NTPC is the largest power generating company in the country. It has also diversified into hydro power, coal mining, power equipment manufacturing, oil & gas exploration, power trading & distribution.

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