NTPC plans to invest Rs 1 lakh cr in hydro power project

08 Aug 2011 Evaluate

As part of its low carbon growth strategy, power major NTPC Ltd is looking to invest about Rs 1,00,000 crore over 10 years to set up the country's largest hydro power project. The company is currently preparing a detailed project report for the proposed 9,500-MW Siang Upper hydroelectric project in Arunachal Pradesh.

The project would mark a big jump in hydro sector exposure for the predominantly thermal power major, which is currently working on a shelf of around 1,700 MW of hydel capacity. Of this, NTPC plans to commission its much-delayed 800-MW Koldam project in Himachal Pradesh next fiscal, which will be its first hydro project to be commissioned.

NTPC is considering a number of measures to secure fuel supplies in the future, including imports to tide over the shortfall in domestic supplies. As a step in this direction, the company is exploring the possibility of entering into 25-year coal import contracts as it seeks to secure fuel supplies and hedge against price fluctuationscrackcrack

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