Untitled - Ministry of Power

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2003. The benefit from this project is expected
in early part of 11th plan.
NTPC has signed a Memorandum of
Understanding (MoU) with the Government of
Uttaranchal for taking up execution of Loharinag
Pala Hydro Project (600 MW) near Uttarkashi
on river Bhagirathi and Tapovan-Vishnugad
Hydro Project (520 MW) near Joshimath on
river Alaknanda. First stage site clearance and
defense clearance for these projects have been
obtained. Preliminary Project Reports for
Loharinag Pala HEP (4x150 MW) and
Tapovan Vishnugad HEP (4x130 MW) have
been submitted to CEA. Detailed Project
Reports are ready. NTPC is also looking into
the possibility of considering another 4000-5000
MW Hydro projects subject to timely availability
of resources etc. with a view to achieve capacity
addition of around15, 000-16,000 MW during the
eleventh plan
To boost its capacity addition programme in the
Hydro Sector, the Corporation has formed a
subsidiary company “NTPC Hydro Ltd.” for
development of small and medium scale
hydropower projects, of capacity upto 250 MW.
The Government of Uttaranchal has allotted Lata-
Tapovan (108 MW) HEP for implementation
by NTPC Hydro Ltd. An MOU to this effect
has already been signed.
LNG Procurement
NTPC has invited bids under International
Competitive Bidding (ICB) process for sourcing
of LNG/Natural Gas for expansion of gas projects
in Western Region at the first instance,
which is in advance stage of finalisation.
First availability of LNG/Natural Gas is expected
by year 2007-08. For sourcing of LNG relating
to capacity addition at Kayamkulam (for existing
350 MW and expansion of 1950 MW), separate
International Competitive Bidding Process has
been initiated.
Coal Mining and Coal Washeries
NTPC has decided to undertake captive mining
to ensure alternative supply of coal for meeting
its ever-growing coal requirements. In this
connection, NTPC has identified number of coal
blocks in Talcher & North Karanpura coalfields
and has approached Ministry of Coal through
Ministry of Power for their allotment to NTPC.
NTPC is also planning to set up Coal Washeries.
Joint Ventures
A Strategic Alliance
To tap the growing potential in the field of
power globally, the Company has entered
into a strategic alliance with Black &
Veatch(B&V),an Internationally acclaimed
Company based in USA. An MOU has
B
been executed between NTPC and B&V to
collaborate, on project to project basis, to
provide efficient and reliable services for
Operational & Maintenance of Thermal Power
Plants and for setting up state-of-the-art
power plants for clients in India and abroad.
Various other allied services are also covered
in this MOU
Existing Joint Ventures
UTILITY POWERTECH LTD. (UPL) (a joint
Venture Company of NTPC & BSES) which
was formed to take up assignments of
construction, erection and supervision in
power sector and other sectors in India and
abroad is progressing satisfactorily. The
turnover of the Company for the year
2002-2003 was Rs.77.88 crore and profit
after tax was Rs.4.62 crore. UPL has
received cumulative orders of Rs.18.80 crore
(other than Power Station Maintenance
Agreement) during the period April 2003 to
March 2004. The turnover and profit for
the year 2003-2004 have been
Provisionally worked out as Rs.88 crore
& Rs. 3.45 crore (after tax) respectively.
“NTPC ALSTOM POWER SERVICES PVT.
LIMITED” (NASL)
NTPC has formed a JV Company with ALSTOM
POWER GENERATION AG, (formally ABB
KRAFTWERKE AG), under the name of “NTPC
ALSTOM POWER SERVICES PVT. LIMITED”,
(NASL) for taking up Renovation &
Modernization assignments of Power Plants
both in India and abroad. NASL has
achieved a turn over of Rs.34.89 crore and profit
after tax of Rs.44.16 lakhs during the year
2002-2003. The provisional turnover and
profit (after tax) for the year 2003-2004 is
worked out as Rs.100.43 crore & Rs.3.34 crore
respectively.
Power Trading Corporation of India Ltd. (PTC)
A Company viz. Power Trading Corporation of
India Ltd. Has been formed with an Authorized
Capital of Rs.750 crore and paid up capital of
Rs.91.5 crore. NTPC, NHPC, PGCIL and PFC
have contributed Rs.12 crore each. Tata
Power has contributed a total of Rs.15 crore
and DVC has contributed Rs.10 crore. FIIs’
have contributed Rs.18.5 crore. PTC is purchasing
power from power Station /SEB’s having surplus
power and selling it to the SEB’s needing power.
The turnover for the year 2002-03 was Rs.927
crore and net profit after Tax Rs.9.84 crore.