At an investment size of Rs 20,995 crore, the country’s largest power producer, NTPC, would invest about 20 per cent less in 2012-13, compared to 2011-12, when it was estimated to spend around Rs 26,400 crore. The investment next year would be for adding new capacity of about 4,000 Mw.
On the other hand, the largest transmission company, Power Grid Corporation of India (PGCIL), would invest 13 per cent more at Rs 20,000 crore in the next financial year, from Rs 17,700 crore in the current one. The company is expected to invest Rs 1 lakh crore during the 12th Plan to increase the inter-regional transmission capacity from the current 28,000 Mw to 65,000 Mw. The investment is double of what was fixed for the 11th Plan ending March 31.
According to the Budget documents, NTPC’s internal resource mobilisation would be Rs 20,995 crore in 2012-13. Commenting on the decrease in spending, NTPC said the difference was based on nearest calculation. “There is no change in our expansion plans. We will add about 4,000 MW in the next financial year. The capital expenditure for the 12th plan has been fixed at Rs 2.19 lakh crore,” said a company executive. Some of the projects that will be commissioned in the next financial year include Mauda (2x500Mw) in Nagpur, Maharashtra, and Bongaigon in Assam (3x250Mw).
NTPC also plans to increase its generation capacity from the current 36,000 Mw to 66,000 Mw by the end of the 12th Plan. Besides, it plans to foray into power distribution and also spruce up mine development to start coal production next yea. It is also exploring opportunities for acquisition of stakes in coal mines in Indonesia, Mozambique and Australia.