NTPC Ltd, the country's largest power generator, today reported a 3% decline in net profit for the first quarter ended June on the back of lower generation and Plant Load Factor (PLF), a measure of power plant efficiency and output.

The company reported a net profit of Rs 2,135 crore for the quarter as compared to Rs 2,201 crore for the same quarter last financial year (2014-15). Gross generation for the June quarter stood at 58.69 billion units (BUs), a 7% decline from 63.15 BUs in the year ago period, the company said in a statement.

As per the monthly generation data released by CEA (central electricity authority) NTPC saw a 7% y-o-y decline in generation for Q1FY16. NTPC generated 22% of the power generated by all power plants in India during Q1FY16.

Meanwhile, there was a 12% y-o-y increase in generation by the private generation companies post a 20% increase in their generation capacity during Q1FY16. Thus there was a 670 bps y-o-y decline in the plant load factor (PLF) for NTPC coal stations and 400 bps y-o-y decline in PLF for the private thermal stations including both coal as well as gas stations during the same period.

NTPC, India's largest state-owned power generator, is restructuring many of its divisions, the first such remodelling since its inception. The company, which has several divisions across power generation - conventional and non-conventional sources, power and fly ash trading, equipment sourcing and consultancy -, is merging existing units and creating new ones.

Sources in the know say pursuant to discussions with the power ministry, several defunct memoranda of understanding (MOUs) that the company has signed with states to facilitate power development and purchase will be nullified.

NEW DELHI: State-run NTPC has switched on an 800 MW hydel plant to join a select group of global peers who span the entire fuel chain — coal, gas, hydro power and renewables — for generating greener electricity.

Last week, the country's largest fossil fuel-based generation utility quietly switched on the last of the four 200 MW units of its first hydel project in Bilaspur district of Himachal Pradesh, roughly 145 km before the tourist destination of Manali.

State-run NTPC today said, it has entered into an agreement with Jammu and Kashmir State Power Development Corporation Ltd (JKSPDCL) to form a joint venture company for mining at Kudanali-Luburi coal block in Odisha.

NTPC and JKSPDCL will share equity in the ratio of 67:33 in the joint venture company for undertaking exploration, development and operation of jointly allocated Kudanali-Luburi coal block by Coal Ministry to them.

State-owned BHEL today said it has commissioned NTPC's 800-MW Koldam hydro power project in Mandi district of Himachal Pradesh.

"Bharat Heavy Electricals Ltd (BHEL) has successfully commissioned all the four units of NTPC's 4x200 MW Koldam Hydro Electric Project (HEP) in Himachal Pradesh," BHEL said in a statement.

KOLKATA: NTPC is on the prowl again. Armed with a reserve of about Rs 5,000 crore, this time the nation's largest power company intends to take over stressed power generation assets from central and state sector units. It is at present in talks with three such entities in Rajasthan, Madhya Pradesh and West Bengal, a person with knowledge of the plan said.

To own such power plants, NTPC is proposing to create joint ventures with state governments where it will take a majority stake. It had previously looked at acquiring private power assets, but the plan hasn't taken off as expected.

State-owned NTPC today said Talcher in Odisha will become a power hub with the PSU planning around 3,000 MW of capacity addition there.

"Recently I was in Odisha and the Chief Minister wanted that we should do expansion in Talcher. We have two stations there. One is Super Thermal Power station and one is Talcher Thermal Power Station (TTPS)," NTPC Chairman and Managing Director Arup Roy Choudhury told reporters here.

NTPC is becoming analysts' favourite. Despite a 5% fall in net profit in the fourth quarter of 2014-15, experts are getting bullish on the counter. This is because with improving coal availability, higher pay load factor (PLF) — a measure of capacity utilisation—and reduced regulatory uncertainty, the worst is behind NTPC.

Getting past its coal woes has brought major relief for NTPC. The central government has re-allocated NTPC five coal blocks, which got cancelled because of the apex court verdict on coal block allocation. Now, NTPC has 10 coal blocks.

State-owned BHEL today said it has bagged a Rs 369-crore order for supply and installation of a power cycle piping (PCP) package for Barh project of NTPC.

"Bharat Heavy Electricals Limited (BHEL) has bagged a contract for supply and installation of a PCP package for Barh Super Thermal Power Project (STPP), stage-I (3x660 MW), of NTPC," BHEL said in a press release.

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