NTPC, country's largest power producer, has invited bids for importing 4 million tonnes of coal to reduce the shortfall of the fuel from domestic sources. The company’s this move is post its decision to cut down on delays caused by designated coal importing agencies. NTPC uses about 164 million tonnes of coal a year to fire over two-thirds of its installed generation capacity of around 35,000 MW.
In the coming months company will use imported coal across 14 of the power major's thermal stations. The power producer is already in a pact to import around 12 million tonnes of coal through State Trading Corporation (STC). The company’s import target will increase to 16 million tones, due to a new tender with the STC contract.
For sourcing 10-15 million tonnes to ensure steady supplies and lower price volatility, NTPC is looking at striking long-term contracts spanning 25 years. During 2010-11 its average imported coal blending was close to 8% in comparison to about 6.5 per cent in the previous year.
| Company Name | CMP |
|---|---|
| NTPC | 356.10 |
| Tata Power | 408.45 |
| Power Grid Corp | 325.80 |
| Adani Power | 476.15 |
| Torrent Power | 1583.00 |
| View more.. | |
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