The Ministry of Environment and Forests has given 'green signal' to a power project being set up by state-owned NTPC in Telangana while it has deferred another project of the PSU in Andhra Pradesh.

NTPC Limited is presently operating a coal-based 2,600 MW (stage-I, II & III) thermal power station at Ramagundam in Telangana's Karimnagar district and is in the process of expanding it by addition of 2x800 MW.

Lingering concerns over the passage of GST Bill in the ongoing Parliament’s winter session and factors such as interest rate hike worries by the US Federal Reserve next week, falling commodity prices, funds outflow by foreign institutional investors and bleak global cues dragged the key benchmark indices over 2 per cent down for the week ended December 11. This week Sensex and Nifty fell 593.68 points and 171.45 points to 25,044.43 and 7,610.45, respectively.

During the week, Cairn India (down 9.80 per cent), Punjab National Bank (down 8.60 per cent), Vedanta (down 8.50 per cent), Coal India (down 8.20 per cent) and YES Bank (down 7.60 per cent) slid the most in the Nifty pack.

Public sector power generation major NTPC Limited is exploring solar energy projects in Uttar Pradesh to boost its green energy profile and meet renewable energy targets.

Giving a major thrust for green and clean energy, the Maharatna company is targeting to achieve 10,000 MW of renewable energy by 2022.

Engineering major Punj Lloyd has bagged two rural electrification contracts worth Rs 483 crore from NTPC for Puri and Koraput districts of Odisha.

These two contracts are awarded under Rajiv Gandhi Grameen Vidyutikaran Yojana of 12th Plan (2012-17), the company said in a press release today.

KOLKATA: The government has received 101 applications for the post of chairman and managing director at NTPC, the country's largest power generation company. The last time the post fell vacant, there were 10 applications and prior to that there were about a dozen.

"In an effort to attract candidates from the private sector, the government has relaxed a few requirements, including the necessity of an engineering degree, which might have resulted in such a large number of candidates applying for the post," a senior official said on condition of anonymity.

NTPC Ltd figures among the world's top 10 coal-based power generators but in less than two years it will have an impressive portfolio of 1,000 Mw of green energy, too. It is already one of the top green power generators among the conventional power companies in the country, and soon enough will turn out to be a classic case of a "polluting" company becoming "cleaner".

Some 110 Mw of solar power generation places it next to Reliance Power that has around 185 Mw renewable energy capacity with Tata Power (read Part IV of the series) topping the list in this category. Being a government-controlled entity, most of this change is driven by directives from the Centre. It is obligated to facilitate addition of another 10,000 Mw of clean power in the next five years.

Mumbai: State-run companies NTPC Ltd and GAIL (India) Ltd are at loggerheads with the former refusing to buy natural gas from the latter, even though the two have a long-term supply contract in place.

Based on the existing contract, NTPC is supposed to buy around 2 million metric standard cubic metres per day (mmscmd) of liquified natural gas (LNG) from GAIL. For the current year, the contract price for this gas was fixed at close to $11-12 per million metric British thermal units (mmBtu). However, NPTC has failed to pick up any of this contracted gas so far this year, leaving GAIL, which sources the gas from a third party, in a spot.

Sunil Hitech Engineers Limited (SHEL) has received contract worth Rs 183.03 crores from NTPC Limited for ash dyke package for its Kudgi Super Thermal Power Project, Stage-I (3 x 800MW), in Karnataka. The project is scheduled to be completed within 30 months from the date of letter of award.

Commenting on the order, Sunil Gutte, managing director of Sunil Hitech Engineers Limited, said, “We are happy to receive the contract for ash dyke package at Kudgi Super Thermal Power Project as we are already executing another order at the same site for erection, testing and commissioning of boiler unit III worth Rs 83.71 crores for one of our other client. Another order at same site will lead to better utilisation of resources.”

State-run NTPC is looking to source low-cost re-gasified liquid natural gas (RLNG) from spot markets overseas to improve its margins that have taken a hit in recent quarters. While the cost of coal, on which over 90% of the company’s power generation depends, has remained flat, it is circumscribed by the norm that the revenue from power produced from subsidised gas can be used only to service debt.

The subsidy policy is basically aimed at running some stranded gas-based pants and ensure a mechanism for debt servicing, so that these assets don’t become NPAs.

NTPC, the largest state-owned power generator, posted an increase of 40% in its profit during quarter ending September 2015.

The unaudited profit after tax (PAT) for the Q2 of FY 2015-16 was Rs 2,898.28 crore as compared to the Rs 2,071.63 crore during same period last fiscal.

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