NTPC invests in captive coal blocks to reduce import dependency
KOLKATA (miningweekly.com) - Having bagged four coal blocks from the government earlier this month, India’s NTPC Limited, the country’s largest power generator, plans to invest $1.5-billion over the next three years and reduce coal import dependency to 10% from the current 21%.
According to company officials, the development of captive coal blocks would enable NTPC to bring down the imported coal requirement from 24-million tonnes a year to 13-million tonnes a year by 2017, and source 17% of its total coal requirements from its own mines.
Earlier this month, the Indian government, through a preferential allotment to power companies, allocated 14 coal blocks, of which NTPC received four in Orissa and Chattisgarh, with estimated combined reserves of two-billion tonnes.
The new blocks would support thermal power generation of 7 500 MW, the company official added.
Among the captive blocks allotted to NTPC, the company had already secured environment and forest clearances for the Chatti-Bariatu, Kerandari, Dulanga and Talaipalli blocks.
NTPC, with an installed capacity of 40 000 MW, requires around 164-million tonnes a year of coal, of which 80% was supplied by Coal India Limited.
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