PUBLIC sector undertaking MMTC (Metals and Minerals Trading Corporation of India) and Adani Enterprises are among the companies in the fray for supplying seven million tonnes (MT) of imported coal valued around Rs 4,500 crore to NTPC, says a report published in a leading financial daily. This was the largest such...tender in the current fiscal floated by NTPC. India’s largest coal consumer, NTPC has a coal requirement of 166.7 MT in the year to March. Out of this, 150 MT will be supplied by PSU Coal India Ltd (CIL) and Singareni Collieries Co Ltd. The remaining 16.7 MT will be sourced from overseas. NTPC has already ordered for 9.7 MT with the price bids opened for the balance seven MT this month.
The present installed capacity of NTPC is 42,454 MW (including 5,474 MW through JVs) comprising 24 NTPC stations (17 coal-based stations, seven combined cycle gas and liquid fuel based stations), seven JV stations (six coal-based and one gas-based) and two renewable energy projects. The demand for coal will go up with NTPC setting a target of becoming a 128,000-MW power producer by 2032. Of this, 56 percent or 71,680MW will be coal-based.
Notice Inviting Tender (NIT) for imported coal procurement has already been published in leading newspapers and is currently under evaluation.
India’s largest power generation utility, NTPC has been allocated six captive coal blocks by the government and aims to mine 15 million tonnes per annum in three years. However, it has not been able to make them operational yet.
According to a recent report published by UBS Global Equity Research India’s thermal coal-based power capacity will increase from an estimated 123GW at the end of FY13 to 150GW by FY16. NTPC’s order comes at a time when demand for the fuel in the country is expected to grow from the current 649 MT per year to 730 MT in 2016-17. NTPC has not been able to secure any substantial coal assets overseas. NTPC has an 18.29% share of India’s installed power generation capacity.