NTPC tempers growth in coal-fired capacities, meets under 25% of FY19 goal

SOURCE: Business - Standard
April 13, 2019

Business - Standard

The country's sagging growth in new capacity additions in coal-fired power seemed to have rubbed on state controlled NTPC Ltd, the largest power generator.

Between 2012-13 and 2015-16, the country had added as much as 20 Gw of coal-fired power each year. The growth has subsided over the past three years, with last fiscal adding a net capacity of only 1.2 Gw.

According to a study by US-based research organisation, Institute for Energy Economics & Financial Analysis (IEEFA), NTPC too has jumped on the bandwagon of tepid additions in coal-based power. In 2018-19, NTPC signalled intentions of abandoning coal-based projects amounting to 9.3 Gw in Andhra Pradesh (Pudimadaka & Simadhri), West Bengal (Katwa) and Odisha (Gajamara). As per IEEFA's calculations, NTPC could manage just 1,160 Mw capacity addition, less than a quarter of its envisaged target of 4,740 Mw for 2018-19. NTPC's subdued growth betrays its robust balance sheet and operational prowess to risk building new thermal power capacities.



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