NTPC to increase coal imports to avoid power shortage
COAL & MINING

NTPC to increase coal imports to avoid power shortage

National Thermal Power Corporation (NTPC) Limited plans to increase coal imports to avoid the nation's power shortage. According to sources, NTPC has sought about 10 million tonnes (mt) of overseas coal as it issued its first international tender in two years in October.

The company focuses on securing cargoes starting from April when the power consumption in India increases in summer.

Indian power producers are returning to the seaborne coal market as they rebuild stockpiles after the coal crisis, ignoring high coal prices and assurances that domestic miners will increase coal output. While there is a reverse to the government's proposal to prioritise local production, it should help in avoiding any repeat of 2021's crisis when reserves dwindled to just a few days of coal supply.

Earlier, NTPC agreed to buy 1 mt of overseas coal from Adani Enterprises Limited and also published tenders, including one tender for 5.57 mt.

Vice President of Elara Capital India Private Limited, Rupesh Sankhe, said that the tenders indicate that it expects strong power demand to keep its supply open. They also had quality issues with Coal India Limited (CIL), and imports may be a way to increase that risk.

NTPC and its joint ventures (JVs) have a generation capacity of about 68 GW, from which 83% is fired by coal. It is India's largest consumer of fossil fuel, burning 170 mt per year, the fifth of the country's total burning.

Image Source

Also read: BPCL, ONGC, NTPC to ramp up renewable energy capabilities

National Thermal Power Corporation (NTPC) Limited plans to increase coal imports to avoid the nation's power shortage. According to sources, NTPC has sought about 10 million tonnes (mt) of overseas coal as it issued its first international tender in two years in October. The company focuses on securing cargoes starting from April when the power consumption in India increases in summer. Indian power producers are returning to the seaborne coal market as they rebuild stockpiles after the coal crisis, ignoring high coal prices and assurances that domestic miners will increase coal output. While there is a reverse to the government's proposal to prioritise local production, it should help in avoiding any repeat of 2021's crisis when reserves dwindled to just a few days of coal supply. Earlier, NTPC agreed to buy 1 mt of overseas coal from Adani Enterprises Limited and also published tenders, including one tender for 5.57 mt. Vice President of Elara Capital India Private Limited, Rupesh Sankhe, said that the tenders indicate that it expects strong power demand to keep its supply open. They also had quality issues with Coal India Limited (CIL), and imports may be a way to increase that risk. NTPC and its joint ventures (JVs) have a generation capacity of about 68 GW, from which 83% is fired by coal. It is India's largest consumer of fossil fuel, burning 170 mt per year, the fifth of the country's total burning. Image Source Also read: BPCL, ONGC, NTPC to ramp up renewable energy capabilities

Next Story
Real Estate

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

Next Story
Real Estate

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Next Story
Infrastructure Energy

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement