NEW DELHI (Commodity Online): State run National Thermal Power Coperation (NTPC) (BSE: 532555, NSE:NTPC) looking for long-term coal import tie-ups as the company aims to increase the capacity to 70,000 MW by 2017.
The company is also planning to improve the excavation of its own mines to meet the shortfall from domestic sources.
Currently, NTPC has a power generation capacity of over 34,000 MW and the company aims to make it up to 70,000 MW by 2017, for which it would require more domestic coal.
"Since more domestic coal is required, reducing the price of coal through our own mining and long term import tie-ups are some of the possibilities," a company official reported The Economic Times.
The company is also explore the possibility of long term Re-gasified Liquefied Natural Gas (R-LNG) contracts at lower prices.
The company suffered acute coal shortage in the past two months at its thermal power stations in West Bengal, Jharkhand and Andhra Pradesh due to rains and strikes in various parts of the country.
On BSE, the company traded up 3.52% to Rs 160.30 on 21st December at 17:30 IST.
