NATIONAL THERMAL POWER CORPORATION - POWERING ANDHRA PRADESH
Article Abstract:
The National Thermal Power Corporation (NTPC), a leading power provider for the south Indian states, has been a major contributor to the development of the Andhra Pradesh power sector. Recently, it's Ramagundam unit secured a gold medal from the Government of India, for generating 16,397.87 million units of power with a plant load factor of 89.14 percent during 1997- 98. Some of the future plans of NTPC includes providing 425 mega watts (mw) of power to Andhra Pradesh during 1998-99. It is also conducting a risk management study for its naphtha-based Hyderabad Metro project, which is expected to be commissioned during the tenth plan. NTPC also plans to commission its 350 mw Kayamkulam Combined Cycle Power project in March 1999. It also aims at becoming a 30,000 mw plus company by the year 2007. (ag)
Comment:
Its Ramagundam unit has generated 16,397.87 mil units of power w/ a plant load factor of 89.14% during 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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COAL SECTOR OPENED UP
Article Abstract:
The Cabinet of Government of India has decided to allow private sector participation in the exploration and mining of coal and lignite. It will make necessary amendments to the Coal Nationalisation Act, 1973. The Government's decision follows an agreement that it had signed with World Bank in September 1997. The World Bank had sanctioned IBRD loan for coal development on the condition that the 1973 Act would be amended by 1998 March. The amendment will now be introduced in the Budget session of Parliament in February 1999. There are several mines which are economically unviable for Coal India Limited. Privatisation seeems to be the best solution for such mines. The geographical location of the mines were such that the infusing more funds into them economically is unfeasible. (um)(psr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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