NTPC Q2 FY 2009-10

In addition to the above, during Eleventh Five Year Plan period, 3240 MW has alreadybeen commissioned and the projects to the extent of 17,930 MW are under constructionat various stages.NIT for bulk tendering for SG and TG for 11 units, 9 for NTPC and 2 for DVC, of 660MW each for 5 projects, 4 for NTPC plus 1 for DVC, have been issued on 16 th October2009 on ICB basis.Stage-I bid which is techno-commercial bid is to be submitted by 28 th January 2010, datefor price bid is to be finalized thereafter. All these projects are to be commissioned in 12 thPlan. All the bidders have to necessarily quote for all the five projects. The successfulbidders will have to set up simultaneously the manufacturing facilities in India. We havealso floated an inquiry for renewable energy for setting up 100 MW for wind powerproject.On the commercial front, during this quarter also, 100% of the amount billed to thecustomers have been realized, thus maintaining the trend of full realization of dues.Coming on to fuel supply, during the first half of the year 63.352 million metric tons ofcoal was received as against 58.505 million metric tons received last year during thesame period, which is 8.28% higher. This includes imported coal of 3.743 million metrictons. During the first half of current fiscal, gas supply was of the order of 13.39MMSCMD as against 10.62 MMSCMD received during first six months of last year.Gas procured on spot basis this year is 2.72 MMSCMD and gas received under fall backarrangement is 1.78 MMSCMD and the balance gas was received under APM and PMTmechanism. The main reason for the increase of gas supply during the first half of theyear is due to incremental gas supply under fall back RLNG from GSPCL.For ensuring fuel security NTPC has executed gas sale agreement with M/s GAIL forsupply of 2.5 MMSCMD of RLNG, 2 MMSCMD on firm basis and 0.5 MMSCMD onfall back basis for a period of 10 years till 31-12-2019 to NCR stations at Anta, Auraiya,Dadri and Faridabad. Supplies are expected from December 2009.The development of PB Coal Mining Project, erstwhile Pakri-Barwadih Coal Miningblock allotted in the year 2004 is progressing well.Our cost of debt in the first half year is 7.18%. Loans amounting to Rs. 143.500 billionhave been tied up with banks during financial year 2009-10 to fulfill debt requirement forthe next three years. Further, the Board of Directors of NTPC have approved loans ofRs. 18.500 billion.Government of India has approved divestment of government’s stake in NTPC Limitedby 5% on 19 th October, 2009 by way of “Offer for Sale”. There will be no issuance offresh equity. The process of divestment is expected to be completed in this financialyear.6