INVC,,
Delhi,,
NTPC is on a high growth curve to remain sector-leader and aiming at
capacity addition at the CAGR of 13 per cent with big pipeline of
projects by pursuing low carbon growth strategy by Developing Nuclear
Power Projects, Developing Renewable capacity including Hydro,
adopting more efficient technologies. Promoting research and
technology development with special focus on climate change issues
said Shri Arup Roy Choudhury, CMD, NTPC Limited addressing the 34th
Annual General Meeting of the Company today in New Delhi.
He informed that with present installed capacity of 32,194 MW, NTPC is
well on course to become a 75,000 MW company by the end of the 12th
Plan. Presently, NTPC has capacity of 17,340 MW is under
construction, bids have been invited for 7,092 MW (including JVs and
subsidiaries), feasibility reports have been approved for 8,460 MW,
feasibility reports for 5,300 MW capacity are under approval and
feasibility reports are under preparation for about 13,000 MW
capacity.
In his address Shri Arup Roy Choudhury said India is acknowledged to
be among the powerful engines of global economic growth and NTPC is
among the engines of India’s economic growth. With Indian economy
estimated to grow at 8.5 per cent in 2010-11 and 9 per cent in 2011-12
shall bring greater opportunities for NTPC which is uniquely
positioned to create sustainable real value from the long-term demand
for electricity.
He said in line with national energy planning we have finalized
Corporate Plan for the time horizon 2010 – 2032 to position NTPC as
the world’s largest and best power producer and a leader in green
power. By 2032 company plans to have a capacity of 128 GW.
Shri Arup Roy Choudhury said NTPC is strongly positioned to invest in
accelerated growth with cash and cash equivalent of about Rs. 14,500
crore as on March 31, 2010. The cash is being progressively deployed
in generating assets. Company’s consistent performance and relatively
low business risk also enable it to have a low cost debt.
Speaking about NTPC Group Companies, he said NTPC has 5 subsidiaries
and 17 Joint Venture Companies which straddle various business areas
like generation, power trading, coal mining, equipment manufacturing,
services etc. Going forward, many of these companies are expected to
help your company expand its operations significantly. He informed
that some of the generation projects under these companies have
started taking shape and some others are nearing completion
contributing to growth of generation in the country.
On robust financials of the company Shri Arup Roy Choudhury said
Company is strongly positioned to invest in accelerated growth. It is
very well placed with cash and cash equivalent of about Rs. 14,500
crore as on March 31, 2010 which is being progressively deployed in
generating assets. The strong balance-sheet of the company gives it an
edge in terms of resourcefulness to pursue both organic and inorganic
growth opportunities.
He said company’s sound financials enable it to mobilize the required
amount of debt at optimal cost. NTPC enjoys the most favoured borrower
status due to its prudent management of debt funding, its low gearing,
healthy coverage ratios and debt servicing ability add to the high
creditworthiness.
Shri Arup Roy Choudhury said besides being a very successful
enterprise with globally acknowledged pre-eminence in the core areas
of its business operations company has always adopted a holistic
approach to its business by imparting specific thrust on the aspect of
sustainability in its wider connotation which includes the
environment, the society and corporate governance. People, planet and
profit, the three dimensions of the triple bottom-line determine the
strategic contours of NTPC.
