New Delhi: NTPC could be on a major restructuring and diversification drive. A report by the Ministry of Power and the Central Electricity Authority has recommended NTPC get into power trading and distribution and even go nuclear. CNBC-TV18 reports.
NTPC is looking beyond power generation. CNBC-TV18 learns that a government report has recommended big diversification plans including going nuclear. The Report recommends NTPC venture into nuclear power development through a joint venture with Nuclear Power Corporation. A move that seems to have the backing of the Power Ministry.
R V Shahi, Secretary, Ministry Of Power says, "By 2030, we should be able to substantially grow by 7 per cent of our total production. We'll produce 55000-mw nuclear power as compared to 3000 mw currently. Nuclear cannot be ignored as an important option for power generation in India."
CNBC-TV18 also learns that NTPC's diversification plans include a foray into coal mining, coal washeries, hydro generation, trading and distribution and regassified LNG.
The government has recommended NTPC to draw up an action plan for setting up coal washeries. It also wants the company to expand the share of hydropower in its generating portfolio subject to tariff competitiveness and minimal rehabilitation and resettlement issues.
The report also supports NTPC's foray into power distribution and recommends it to take over power distribution in (Special Economic Zones) SEZs. It also wants NTPC to set up National Power Exchange. The report also suggests some changes in NTPC's organisational structure.
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