NTPC to create sustainable real value from the long-term demand for electricity- Arup Roy Choudhury, CMD NTPC
23rd Sep, 2010
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.
Shri Arup Roy Choudhury, CMD NTPC addressing the shareholders at the 34th Annual General Meeting of the Company in New Delhi today
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