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State-owned power generator NTPC Ltd plans to secure around a third of its coal requirement through its own captive coal blocks by 2030, the company said in its annual report on August 21. NTPC has been allotted 10 coal blocks with a peak production capacity of more than 100 Million Tonnes Per Annum (MTPA). With these, the company envisages being one of the largest captive coal mining companies in India.
"The previous fiscal saw the flag off of your company's first coal rake, from its mining operations at Pakri Barwadih. This coal is being used at Barh Thermal Station of NTPC, in Bihar. This is an important step in the direction of secured fuel supplies for your Company. The medium term target for mining will be able to cater to more than 10 percent of its present coal requirements," Gurdeep Singh, Chairman & Managing Director, said to the company's shareholders in the report.
As per its long term corporate plan, NTPC has envisioned to reach a total installed capacity of 130 GW and annual generation of more than 600 billion units by 2032. "The capacity will have a diversified fuel mix comprising 65.4% coal, 4.6% gas, 1.5% nuclear and 28.5% Renewable Energy Sources including hydro. Therefore, by 2032, non-fossil fuel based generation capacity shall make up nearly 30% of NTPC's portfolio," the report said.
The company also plans to replace its old and inefficient units with technologically advanced, efficient and environmentally compliant units by 2032, in a phased manner. "NTPC would continue pursuing the power trading business in India as well as with the neighboring countries increasing its market share in the region through its wholly-owned subsidiary NTPC Vidyut Vyapar Nigam Ltd," the report said.
NTPC is also planning to make a foray into e-mobility and battery storage, supported by Research & Development and collaboration with Original Equipment Manufacturers (OEMs) and research institutes, the report stated. "Apart from this, NTPC is taking several initiatives to contain pollution in various forms. Two such projects your Company is experimenting with are waste-to-energy and biomass co-firing," Singh said.
As per the report, NTPC crossed the 50,000 MW mark in Installed capacity in the previous fiscal. The company commissioned 3,845 MW and added 2,190 MW to its commercial capacity during FY16-17. The installed capacity of NTPC Group is 51,671 MW as on 31 March, 2017.
(Writing by Becky Du Editing by Jessie Jia)
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