Coal news and updates

NTPC plans to bring down coal import bill to nil in next five years: Report

NTPC is reportedly planning to bring down its coal import bill to 'zero' in the next five years and will rely on the fossil fuel made available by Coal India and the company's own mines. The company ventured into coal mining as part of its backward integration process for fuel security. Further, the company has been allotted 10 coal blocks including Chatti-Bariatu, Chatti-Bariatu (South) and Kerandari in Jharkhand, Dulanga in Odisha and Talaipalli in Chhattisgarh.

Meanwhile, the company is establishing 4,000 MW imported coal-based thermal power plant at Visakhapatnam district in Andhra Pradesh at an investment of about Rs 20,000 crore. The company had recently marked its debuts into hydro generation space with commissioning of Unit no 2 of 200 MW of Koldam Hydro Power Project on March 30, 2015.

NTPC is the largest power generating company in the country. It has also diversified into hydro power, coal mining, power equipment manufacturing, oil & gas exploration, power trading & distribution.

Source: Live Mint