NTPC will offer gas producers stakes in its power projects to ensure long-term fuel supply, a clear departure from its earlier strategy of buying equity in gas assets abroad. The company has offered up to 20% equity to Qatar Petroleum in its gas-based projects at Kayamkulam in Kerala and Ratnagiri Gas and Power in
NTPC had a few rounds of discussions with government of
Under the proposed deal, NTPC will spin off Kayamkulam power project into a special purpose vehicle and offer equity to Qatar Petroleum. While the equity participation from
Petronet LNG supplies gas to the 350 MW Kayamkulam project. NTPC wants to scale up the plant to 2,300 MW, but has not been able to proceed in the absence of fuel supply agreements. It also plans to expand the Ratnagiri plant by another 2000 MW. Currently it produces about 1940 MW of power.
NTPC has indicated an initial gas requirement of 30 mmscmd for all the proposed new projects that includes expansion projects of 1000 MW each at Badarpur, Auraiya,
Company Name | CMP |
---|---|
NTPC | 333.30 |
Tata Power | 401.25 |
Power Grid Corp | 315.75 |
Adani Power | 498.45 |
Torrent Power | 1476.80 |
View more.. |