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NTPC aims to focus on carbon-free mobility solutions including EV charging, EV transportation/hydrogen FCEV transportation, and is also actively looking at power distribution, wasteto-energy, and consultancy business and increasing global footprint.
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Established in 1975, NTPS aims to be the world’s largest and best power company. It set a new benchmark in FY20 by adding 5,290 MW of commercial capacity, which the company says is the highest ever in any year since inception. Another important event in FY20 was the acquisition of the government’s stake in NEEPCO and THDC which added substantial hydro capacity to its portfolio. Even during the Covid period, 984 MW of commercial capacity was added, which demonstrates NTPC’s inherent resilience. NTPC became a 63 GW company in FY20.
On the generation front, the company-wide total stood at over 290 BUs in FY20. There was a slight decrease in generation when compared to previous year due to reduction in demand and an extended monsoon season, it says. “However, we could significantly reduce the under recovery of capacity charges when compared to previous years and improved machine availability. In FY20, NTPC’s plant load factor consistently maintained a positive difference of over 12 per cent as compared to the national PLF,” said Gurdeep Singh, Chairman & Managing Director, NTPC.
In FY20, NTPC recorded a profit of Rs 10,112.81 crore. The profit before tax is Rs 14,465.92 crore as against Rs 12672.52 crore in the previous year, registering an increase of 14.15 per cent. The total income crossed Rs 1,00,000 crore for the first time and the company declared a dividend of Rs 3,117 crore to shareholders. This is the 27th consecutive year that the company has paid dividend.
SOCIALLY RESPONSIBLE: As a responsible organisation, NTPC has extended support to government agencies in every possible manner. This has been done by supplying essential food items for the needy as well as providing medical equipment and hospital facilities to the local authorities.
“NTPC has changed its focus completely and is pursuing renewable capacity addition aggressively. We have taken the decision not to acquire any further land for thermal projects in near future and the entire focus will be on carbonfree sources,” said Singh.
The company further plans to actively pursue new business areas and explore various options for diversification of its business operations to maintain the growth trajectory.
It is actively pursuing green hydrogen portfolio which aligns well with its large renewable growth plans. It is already working with various agencies that are pioneers in hydrogen technology and aims to have a significant share in hydrogen economy. NTPC aims to focus on carbon-free mobility solutions including EV charging, EV transportation/hydrogen FCEV transportation, and is also actively looking at power distribution, wasteto-energy, and consultancy business and increasing global footprint.
SELF-SUFFICIENCY IN COAL: Coal mining has been another important area where NTPC is actively pursuing to reduce its dependence on coal suppliers. In FY20, NTPC extracted 11.15 MMT of coal from its captive mines, registering an increase of 52.5 per cent over previous year. Coal production has started at one more mine, Talaipalli, taking the number of operational mines to three.
Operations at two more mines are also in advanced stage. To further speedup the mining activity, a separate subsidiary, N TPC Mining has been incorporated. By 2030, NTPC says it is aiming to meet 40 per cent of its coal requirement from captive mines.
In its endeavour to become a 130 GW company by 2032, NTPC has envisaged an aggressive capital expenditure plan aligned with the National Infrastructure Pipeline. It has prepared a plan for capital expenditure of over Rs 1 lakh crore during 2019-2024.