The Hindu Business Line : NTPC net up 15.6% last fiscal, targets 75,000 MW capacity by 2017

EXPANSION PLANS: Mr T. Sankaralingam (right), Chairman and Managing Director, NTPC Ltd, and Mr A.K. Singhal, Director (Finance), at a press conference in the Capital on Thursday. - Kamal Narang

New Delhi April 5 NTPC Ltd has announced a 15.57-per-cent jump in net profit for 2006-07 at Rs 6,726.4 crore, up from Rs 5,820.2 crore during the previous fiscal. Net sales rose 17.20 per cent during the fiscal at Rs 30,638.7 crore, compared to Rs 26,142.9 crore in 2005-06, the company said.

"NTPC has adopted a multi-pronged growth strategy to achieve 75,000 MW plus installed capacity by 2017. The strategy includes capacity addition through greenfield projects, expansion of existing stations and joint venture projects, including with States," the NTPC Chairman and Managing Director, Mr T. Sankaralingam, said.

The company, which has an installed capacity of 27,404 MW, plans to put its nuclear plans into fast track mode while also focusing on adding hydro capacity and foraying into non-conventional energy sources, even though coal would continue to be the mainstay.

NTPC, an equity holder in the Dabhol power project, is keen on acquiring the LNG terminal linked to the project. On its nuclear foray, Mr Sankaralingam said, "We will have 2,000 MW of nuclear power generation by the middle of Twelfth Plan. Simultaneously, we will start work on two power plants of 2,000 MW each."

The company was talking to equipment and fuel suppliers for the proposed plants and is scouting for sites in States, including Tamil Nadu, Madhya Pradesh and Maharashtra. On its hydropower foray, he said the company has signed MoUs with Arunachal Pradesh Government to implement the 4,000 MW Etalin and 500 MW Attunli power projects.

NTPC's net profit for the fourth quarter this fiscal was marginally up by around two per cent at Rs 1,596.4 crore compared to provisional figures during the same quarter a year ago, while net sales was up 17 per cent at Rs 8,524.5 crore.

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