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| NTPC CMD AR Choudhury |
AT A time when many parts of the
country are reeling under severe power shortages due to scant supply
of coal, NTPC is assessing a proposal to acquire power assets worth
$5 billion, or Rs 31,000 crore.
It is in sharp contrast to earlier
strategy of taking the greenfield route to add capacity. The
country's largest power developer...
has received responses from 34
private sector power plants across the country and has shortlisted
eight of them so far for acquisitions.
"We have mandated KPMG to look at
their fuel supply linkages, power purchase agreements, land
acquisition, environment clearances and list those eight plants in
terms of profitability," NTPC chairman Arup Roy Choudhury told a
leading national dailies naming the potential sellers.
The company is willing to invest up to
Rs 10,000 crore for 30 percent equity in these projects. The rest will be
funded by debt.
India's largest power producer's
inorganic plans come after power minister Piyush Goyal asked NTPC to
explore possibilities of buying stranded power plants instead of
setting up 11,000 MW of greenfield assets on its own. This is to
ensure that national assets in the sector are use to the maximum.
Besides, the inorganic route will help the power major to save on
land acquisition costs and time on various regulatory clearances.
These acquisitions are likely to
be completed by end of this fiscal and NTPC will add another 1,800 MW
of greenfield capacity by then.
NTPC, with an installed capacity of 43,128 MW is presently
contributing about one fourth of the country’s entire power
generation and plans to become a 1,28,000 MW power company by 2032.
NTPC plans to add 14,038 MW during
the 12th Plan period (2012-17).
It added 1,835 MW to its portfolio
last fiscal and plans to add 2,023 MW in 2014-15 and the Maharatna
PSU has cash reserves of Rs.16,867.7 crore as on 31 March this year.
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