NTPC to scale down target, faces coal shortage

NTPC is likely to scale down its target for adding power generation capacity from 75,000 MW by 2017 to 70,000 MW as it faces coal supply shortages and environmental hurdles.The corporation, which currently generates over 34,000 MW, had set a target for scaling up this capacity to further augment it to 128,000 MW by 2032. NTPC, which requires huge funding for its upcoming and expansion projects, recently signed a Rs 10,000 crore (over US $2 bn) loan agreement with State Bank of India for financing its projects.Contact: NTPC Ltd.Tel: 011-2436 0100. Fax: 011-2436 1018.E-mail: info@ntpc.co.inWebsite: www.ntpc.co.in