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NTPC targets 17052 MW capacity addition by 10th plan

New Delhi, September 23, 2005 

"NTPC has enhanced its capacity addition target from 11,558 MW to 17,052 MW for the XIth plan and plans to became a 66,000 MW plus company by the year 2017". This was stated by Shri C.P. Jain, Chairman & Managing Director while addressing the Shareowners of the Company at the 29th Annual General Meeting of the company in New Delhi today. This was the first AGM of the NTPC after its Initial Public Offering in October 2004. Shri Jain announced company's special thrust on hydropower in order to achieve operational and commercial synergy and plans to substantially increase the ratio of hydro projects in NTPC.

He further informed that the company has identified integrated coal mining cum power projects to enhance its fuel security and mitigate fuel risk. The company has also decided to participate in the entire value chain of NG/LNG covering exploration, equity stakes in gas fields, liquefaction terminals, transportation, re-gasification, etc. All these backward and forward integration initiatives are primarily aimed at strengthening NTPC's core business of power generation.

C.P. Jain, CMD NTPC addressing AGM. Also in picture on extreme right  Mruthnjay Sahoo, Joint Secretary, Ministry of Power and to extreme left  A. K. Singhal, Director Finance,  NTPC

The company also has plans to acquire parallel distribution licenses in areas around its projects, while it is targeting to increase Power trading volume substantially. The company is promoting the setting up of a state-of-the-art National Power Exchange to facilitate power trading in the country. On the commercial side he stated that at present company is collecting 100 % of the billing and hopes that this level will sustain in the long run. The Company is exploring possibilities to identify and initiate work on merchant power capacity. 

The Company will continue its' thrust on empowerment, transparency and governance. While Shri Jain assured that the 'Team NTPC' is inspired and equipped to create more wealth for its shareholders and greater value for other stakeholders, the company in its' endeavor to give back gratefully to the society has adopted a comprehensive CSR Policy and set up 'NTPC Foundation' to address niche domains of socio-economic initiatives .

Detailing, NTPC's Strategies he stated that company plans to convert the challenges into opportunities of enhancing corporate growth and strength and become a world-class integrated energy utility.

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