New Delhi- State-owned power generator, NTPC Ltd is likely to spend Rs 21,000 crore next financial year, an increase of 5 per cent over the capital expenditure of Rs 20,000 crore in the current fiscal, according to the expenditure budget documents for 2020-21 tabled in Parliament on Saturday.
The company yesterday announced that it has signed a syndicated loan in Japanese Yen equivalent to $750 million. The proceeds will be channelized to fund projects for cutting down emission levels from power plants and hydro projects. The loan has been raised under the automatic route of Reserve Bank of India’s External Commercial Borrowing regulations and has a door-to-door maturity of 11 years under two tranches.
The loan proceeds will be utilized for funding capex for installation of Flue Gas Desulphurization (FGD) system, hydro projects and other projects using ultra supercritical technology with low carbon emission.
The company has a current installed power generation capacity of 58,156 megawatt (MW), including 7,801 MW set up through Joint Ventures and subsidiaries. The state-owned company operates 55 NTPC Stations of which 24 are coal-based, 7 combined cycle gas and liquid fuel based stations, 2 Hydro based station and one wind based Station.
Of the 10 Joint Venture stations, 9 are coal based and one is gas based. Apart from this, the company is working on 11 renewable energy projects in the country.
ET Energy World