NTPC plans to invest Rs. 8,900 crore (US$1.5bn) to develop its own coal mines and to reduce the share of imported coal in its coal consumption from the current 21% to 10% within three years.
NTPC aims to meet 17% of its coal requirement from its captive mines by 2017, raising its coal production from about 3 Mt in 2013-2017 to 37 Mt by 2016-2017. This strong increase in coal production is expected to reduce its dependence on Coal India from about 82% to 72% and to halve NTPC's coal imports, from 24 Mt this year to 13 Mt by 2017.
The large thermal power producer has already invested Rs. 1,400 crore (US$237m) in six mines allotted to the group, namely Pakri-Barwadih, Chatti-Bariatu, Kerandari, Dulanga, Talaipalli and Chatti-Bariatu, which have estimated reserves of over 3 Gt. In addition to the existing six coal blocks, the Coal Ministry has conveyed allocation of four additional coal blocks to NTPC (Banai and Bhalumunda blocks in Chhattisgarh and Chandrabila and Kudanali-Laburi blocks in Odisha) for 8,460 MW of fresh generating capacity. NTPC will invest another Rs. 7,500 crore (US$1,270m) within the next four years.
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