Back
Analyst Meet / AGM - Analyst Meet
By 2032, the reliance on coal as fuel to reduce from present 89% to 56%
NTPC
03-Aug-2013, 02:46
NTPC held its Analyst meet on 1st Aug'13 and was addressed by Mr. Arup Choudhury CMD and Mr. A K Singhal Director Finance
NTPC held its Analyst meet on 1st Aug'13 and was addressed by Mr. Arup Choudhury CMD and Mr. A K Singhal Director Finance
Key highlights
- As on July'13, NTPC has total installed power generation capacity of 41,184 MW and another 20,064 is under construction in India. Globally, the company through JV's is present in Srilanka and Bangladesh. Of the total 41184 MW of capacity, about 89% are coal based and rest are gas and liquid fuel, with solar only 0.02%.
- NTPC today contributes nearly 27.5% of the total generation of the country
- During FY'13, the company added 4170 MW, which is the highest ever-capacity addition by the company in any year and contributed to 20% of the total addition of the country. NTPC also exceeded XI plant target of 9220 MW of capacity addition by addition 9610 MW over that period. PAF for FY'13 stood at 87.62%
- NTPC group incurred a capex of about Rs 25299 crore in FY'13 and also received an investment approval of 8510 MW of new capacity addition by its Board.
- For Q1 FY'14, as per the management, Net sales was down by 3%, but given the current context of power environment, the company did a tremendous job. Management believes things only have to improve from here on.
- Also coal India, to meet its Mar'13 targets, virtually exhausted and thus operated at lower capacity in June'13 quarter. Early monsoon also played a role in that. NTPC knowingly took some operational maintenance shutdown of some of its generating plants and thus Q1 plants were operated at lower capacity. Management is positive of coming back strongly in subsequent quarters, in terms of sales and PAT and PAF.
- Book Value of the company for the first time crossed Rs 100 in Q1 FY'14.
- Company has a long term coal supply agreements (CSA) with Coal India and Singareni Collieries Company. This ensures 87.5% of the total requirements being readily available to the company. Another CSA for 4760 MW capacities is already signed and balance 4860 MW capacities will be signed shortly.
- NTPC is being allocated 10 coal blocks by the Government and it aims to produce coal gradually from these mines and thus help fulfilling any deficit coming in due to reasons out of control.
- As on Q1 FY'14 about 81% of total coal requirements is met from domestic sources and rest are imports and E auctions. Gradually the domestic sourcing will come down and FY'17 will use the captive mines of coal to replace and meet the deficits. Captive coalmine consumption is expected to improve from current 1.7% of total fuel consumption to about 15% by FY'17.
- The coalmines have estimated geological reserves of over 5BT and NTPC has targeted coal production of about 33 MT by FY'17.
- As per the management, company wants to use more of diversified fuel mix and also to go greener. By 2032, the reliance on coal as fuel to reduce from present 89% to 56%.
- Management expects the capacity to increase to 1,28,000 MW by 2032 from current 41,184 MW as on Mar'13.
- Capacity addition scheduled in 12th 5-year plan for NTPC is about 14058 MW, of which FY'13, the company added 4170 MW and about 1875 MW is expected to be added in FY'14. Capex of about Rs 20200 crore is planned for FY'14.
Powered by Capital Market - Live News