NTPC, the country's largest power generator, plans to foray into wind energy sector with its first project in Karnataka. The company will soon float tenders for first such project with a capacity of 100 Mw, a top company official said.
Shares of metal and power companies are trading higher by up to 2.5% on the BSE after the government on Monday said it would promulgate an ordinance to resolve issues arising out of the cancellation of coal blocks.
With the government announcing increase in the price of domestically produced gas, state-run NTPC said the move will prove beneficial only if the power distribution companies buy the electricity produced from the plants consuming the costlier fuel.
The Odisha government has urged central PSUs — NTPC Ltd and Power Grid Corporation of India Ltd (PGCIL) to go ahead with the task of floating tenders for implementation of projects under the Rajeev Gandhi Grameen Vidyutikaran Yojana (RGGVY) in the
Even as coal availability as a fuel is expected to a cause for concern among industry, Gujarat and NTPC are set to save Rs 350 crore by coal swapping, according to Saurabh Patel, minister of finance, Government of Gujarat.
The The Supreme Court’s decision to cancel the allocation of all captive coal blocks during 1993-2010 other than those to government-owned companies (and not operated on a joint-venture basis), has brought relief to NTPC and SAIL.
The Andhra Pradesh government will be signing MoUs with the power ministry for setting up three solar projects with a total capacity of 2,500 Mw as well as a 4,000-Mw super critical thermal power project proposed by NTPC in the state.
The government's plan to pool imported coal in the event of the Supreme Court cancelling all coal block allocations might make smaller units suffer, while large players such as NTPC could benefit from it.