Tata Power reported a consolidated net loss of Rs 260 crore in the last financial year, its second highest in the last 10 years. Also its consolidated debt at Rs 40,173 crore, 3.24 times its net worth, was the highest in more than a decade.

In fact Tata Power would rather want to forget the past three years of its century-old existence. "We should be closing this year at a debt-equity ratio of 2.6," said Anil Sardana, managing director of Tata Power, in a recent interaction, displaying a resolve to fight back.

National Thermal Power Corporation (NTPC) and Gujarat government run Gujarat State Electricity Corporation Ltd (GSECL) today inked a memorandum of understanding (MoU) to swap one million tonne of coal. The arrangement is likely to help both the companies save Rs 378 crore per one million tonne.

The agreement between NTPC and GSECL has been signed after a proposal for swapping coal was submitted to the Central Government two years back. Recently, the proposal of the Gujarat government was considered and approved by the Narendra Modi-led central government.

The Odisha government has urged central PSUs — NTPC Ltd and Power Grid Corporation of India Ltd (PGCIL) to go ahead with the task of floating tenders for implementation of projects under the Rajeev Gandhi Grameen Vidyutikaran Yojana (RGGVY) in the 12th Plan period (2012-17).

The state government has also clarified its position on agency charges for implementing the projects.

Country’s largest power company NTPC may be forced to tap international solar plant suppliers due to shortage in domestic capacity.

NTPC was laying emphasis on developing a solar power portfolio and had invited tender for 1,000 Mw of solar power project open to only domestic suppliers.

The government's plan to pool imported coal in the event of the Supreme Court cancelling all coal block allocations might make smaller units suffer, while large players such as NTPC could benefit from it.

"NTPC is already blending imported coal with domestically-procured coal. So, if the government pools imported coal to make up for the domestic scarcity, it will benefit us. Hopefully, the pooled price offered by the government would be lower than our current pooled price," said an NTPC official.

National Thermal Power Corporation (NTPC) has curtailed the power it had been supplying to Chhattisgarh plunging the state to face electricity crises.

The country’s largest power producer, NTPC, has two major power projects in Chhattisgarh. While the Korba power station had an installed capacity of 2600-Mw, the Sipat Power Project in Bilaspur district had been generating 2980-Mw power. The state had been getting about 1100-Mw of power from the NTPC.

NTPC’s largest power plant at Vindhyachal in Madhya Pradesh with a capacity of 4,260 Mw is facing shut-down due to paucity of coal supply from Northern Coalfields. The company said it would stop operations if fuel shortage continues.

Since early this month, two units of 210 Mw and 500 Mw have not been operating due to unavailability of contracted coal quantity. The rest of the 2,860 Mw is running at half the capacity.

NTPC is keen to join hands with Coal India Ltd (CIL) and Bharat Heavy Electricals Ltd (BHEL) to augment its generation capacity and capability, which have been hit by coal shortage.

Minutes of a July meeting of an advisory group on integrated power development, headed by Suresh Prabhu, said, “NTPC’s performance was affected in recent years, and continues to be so, by the general situation of the coal shortage in the country. While this is true, it is also a fact that NTPC could develop the coal blocks allotted to it from 2004.”

The Odisha government has taken exception to the Centre’s proposal to phase out four old thermal units of NTPC Ltd with combined capacity of 250 Mw at its Talcher Thermal power station (TTPS).

The retirement of these four units, each with capacity of 62.5 Mw, would mean a loss of 250 Mw to Odisha since the entire power generated by NTPC's TTPS is supplied to state owned bulk power purchaser Gridco as per a power purchase agreement (PPA). The four units were identified to be phased out since they are old units commissioned during 1967-69.

NEW DELHI: Public sector power producer NTPC has told the government that three private firms — Jindal Steel, Monnet Group and Sarada Energy and Minerals Ltd — are running their own operations within the demarcated areas of two coal blocks allotted to it, thwarting its plans to begin mining operations.

The two coal blocks in Odisha and Chhatisgarh are expected to fuel 4,500 MW of new power generation capacity being set up by NTPC that could be delayed if these blocks are not freed from encumbrances, NTPC.

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