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.