NTPC Plans To Infuse $10 Bn In Coal Power Stations

The state-run power utility National Thermal Power Corporation (NTPC) plans to invest $10 billion in new coal-fired power stations over the next five years despite the electricity regulator's assessment that thermal plants which are now under construction will be able to meet demand until 2027, reported a leading business daily on Wednesday.

In the first phase, NTPC intends to build three new plants with a combined capacity of more than 5 gigawatts (GW), almost double the capacity of those currently being phased out, senior company officials said.

The company is yet to make the investment announcement public as it is awaiting government approval. NTPC was trading at Rs 159, up by Rs 1.15 or 0.73 as at 1438 hours on Wednesday, on the BSE.

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