MoP - Ministry of Power

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November 2007 for its capacity addition programme,
including Rs. 1000 crore LIC bonds tied up during the year.
The cumulative utilisation upto 30th November 2007
is Rs. 17789 crore. The balance of Rs. 5545 crore is
yet to be drawn.
6.2 Domestic Bonds :
During the year 2006-07, the company has issued series
XXII, XXIII & XXIV Bonds each having a face value of
Rs. 500 crore to Life Insurance Corporation of India. The
total amount of bonds issued during the 2006-07 was
Rs. 1500 crores. The outstanding amount of bonds as on
30.11.2007 is Rs. 5600 crore.
6.3 Public Deposits :
As on 31.3.2007 the cumulative deposits received by the
company from 604 depositors stood at Rs. 32.80 crore. An
amount of Rs. 43 lakhs has not been claimed on maturity
by 107 depositors as on 31.3.2007. The corresponding
figures for the year 2007-08 upto 30.11.2007 are
417 depositors aggregating Rs. 14.94 crore. This excludes
an amount of Rs. 87 lakhs not claimed by 94 depositors
on maturity.
6.4 External Commercial Borrowing :
During 2006-07, NTPC has signed two loans viz. with Asian
Development Bank for USD 300 million in September 2006
and with KFW for an amount of USD 100 million in
March 2007.
The loan extended by Asian Development Bank is under
their complimentary financing scheme. The loan has been
extended for financing capital expenditure of Sipat (Stage I
& II) and Kahalgaon (Stage II). The loan carries interest on
floating basis derived from 6 months USD Libor. It has two
tranches, tranche-A has a tenure of 11 years and Tranche-B
has a tenure of 7 years from the signing of the loan
agreement. Till 30.11.07, an amount of USD 226 million
has been drawn and utilized out of the loan.
The loan extended by KFW is for financing the capital
expenditure on renovation and modernization schemes of
NTPC stations. Presently R&M schemes under TTPS
Phase-III, Tanda, Anta, Farakka, Rihand, Vindhyachal,
Singrauli Phase-II and Unchahar have been identified for
funding under the loan. The loan has a maturity of 10 years
with a draw down period of 3 years. The interest under the
loan is payable on 6 monthly basis and is linked to 6 month
USD Libor. Till 30.11.07, an amount of USD 10 million has
been drawn and utilized under the loan.
Both the above loans are unsecured facilities without
sovereign guarantee and are first of their kind provided to
NTPC by the respective lenders.
7.0 CORPORATE PLAN
NTPC had prepared a Corporate Plan for the period 2002-
2017 envisaging to become a 56,000 MW plus company by
the year 2017. Encouraged by the success of its capacity
addition programme and improvement in the cash flows,
NTPC had decided to increase the capacity addition target
from 56,000 MW to 66,000 MW. However, later the company
has set for itself a revised target of 75,000 MW by the
year 2017. This power generation portfolio would continue
to reflect high share of coal-based capacity and would
include around 9,000 MW in Hydro, about 2000 MW in
Nuclear and about 1000 MW through Non-conventional
energy sources.
To safeguard its competitive advantage in power generation
business, NTPC also plans to diversify its portfolio to emerge
as an integrated power major, with presence across entire
energy value chain through backward and forward
integration into areas such as coal mining, LNG Value chain,
power trading, distribution, etc.
7.1 Capacity Addition Programme
During the year 2006-07, two units of 500 MW at
Vindhyachal-III have been commissioned ahead of
schedule. During the year, One 210 MW unit at
Unchahar-III has also been commissioned on schedule in
September 2006. One 500 MW unit at Kahalgaon-II were
also commissioned during the year. In addition to this, NTPC
has taken over 705 MW Badarpur TPS from the Govt. of
India w.e.f. 01.06.2007. As on 31.03.2007, NTPC’s own
capacity was 26350 MW and capacity under joint ventures
was 1054 MW.
Further in 2007-08, one unit of 500 MW at Sipat-II project
has been commissioned in May 2007 and 740 MW Block-
III has been commissioned at Ratnagiri (Dabhol) Joint
Venture project. Thus the total installed capacity of NTPC
has become 28644 MW, which includes 1794 MW under
joint ventures.
A capacity addition of over 22000 MW has been envisaged
for the XI Plan period (2007-2012). Out of this, 1240 MW
has already been commissioned. Construction work is going
on for 13360 MW capacity for benefits in XI Plan. For balance
capacity, various clearances are in progress. Details of
Ongoing and New projects, for which Feasibility Report
(FR)/ Detailed Project Report (DPR) has been finalized, are
as follows :