40-562: Dabhol Power Station is located near Anjanwel village in Ratnagiri district in Maharashtra , India , about 160 kilometres (99 mi) south of Mumbai . The power station was built by the Dabhol Power Company (DPC), which was a joint venture of Enron International , General Electric , Bechtel and Maharashtra Power Development Corporation. At the start of its construction in 1992,
80-504: A Bhartiya Janata Party - Shiv Sena coalition win the 1995 Maharashtra Legislative Assembly election on a campaign pledge to "push Enron into the Arabian Sea ." The state government halted the construction on 3 August 1995. By 1996, the MSEB and EI renegotiated the contract so that EI would cut power costs by 20 percent, but that the MSEB would be obligated to purchase more power. In 2000, MSEB
120-548: A consultancy division. In 1992, it acquired Feroze Gandhi Unchahar Thermal Power Station from Uttar Pradesh Rajya Vidyut Utpadan Nigam of Uttar Pradesh. By the end of 1994, its installed capacity crossed 15,000 MW. In 1995, it took over the Talcher Thermal Power Station from Orissa State Electricity Board. In the year 1997, the Government of India conferred it with "Navratna" status. In that same year, it achieved
160-554: A halt in May 2001. With the Enron bankruptcy , Enron's stake in DPC was bought out by GE and Bechtel. The plant was moth-balled for 5 years, while the various claimants, including MSEB, Government of Maharashtra, GE, Bechtel, Indian banks and the Government of India , settled their disputes over payments. In May 2006, after protracted negotiations, state-owned NTPC Limited and GAIL agreed to take over
200-824: A joint venture vehicle named International Coal Ventures Private Limited (ICVL). In July 2014, ICVL acquired a 65 percent stake in the Benga coal mine in Mozambique from the Rio Tinto Group . In December 2022, the Market cap of NTPC limited was Rs. 1,66,249.34 crore. NTPC operates from 70 locations in India, one location in Sri Lanka and two locations in Bangladesh. In India, it has eight regional headquarters (HQ): The scheduling and dispatch of all
240-551: A lack of buyers for its expensive electricity. As of 2016, the power plant continues to operate at a loss, selling energy to the MSEDCL and Indian Railways at a highly inflated rate. In 2015, it had a debt of Rs. 10,500 crore. In a bid to revive the loss making plant, in September 2015, the Company owning the power plant RGPPL was split into two separate Power and LNG entities, one to manage
280-431: A long-term plan to become a 128,000 MW company by 2032. NTPC Limited is on an expansion spree to meet the power requirements of the country—the company has targeted to add 14,058 MW in 12th Plan (from FY13 to FY 17) of which it had already added 4,170 MW in 2012–2013, 1835 MW in 2013–2014, 1290 MW in 2014–2015, and 1150 MW from April–30 November 2015. As of 30 November 2015, the company has 23,004 MW under construction. NTPC
320-543: A long-term plan to reduce its fossil fuel capacity mix to 56% by 2032. NTPC also plans to go global. The public sector company has signed a memorandum of agreement (MoU) with the Government of Sri Lanka and Ceylon Electricity Board for setting up a 500 MW (2x250) coal-based thermal power plant in the island nation. An MoU has also been signed with Kyushu Electric Power Co. Inc., Japan, for establishing an alliance for exchange of information and experts from different areas of
360-411: A major scale to implement the solar thermal storage power as they can offer clean and cheaper electricity than fossil fuel-fired power generation plants. Rather than install emissions-cutting technologies, NTPC has chosen to lobby the government to extend pollution reduction deadlines. Loharinag Pala Hydro Power Project by NTPC Ltd: Loharinag Pala Hydro Power Project (600 MW i.e. 150 MW × 4 units)
400-656: A milestone of generating 100 billion units of electricity in a single year. In 1998, it commissioned its first Naptha-based plant at Kayamkulam with a capacity of 350 MW. In 1999, its plant in Dadri, which had the highest plant load factor (PLF) in India of 96%, was certified with ISO-14001. During 2000, it started construction of its first hydro-electric power project, with 800 MW capacity, in Himachal Pradesh. In 2002, it incorporated 3 subsidiary companies: NTPC Electric Supply Company Limited for forward integration by entering into
440-416: Is diversifying its capacity mix with much emphasis on renewable energy. As on 30 November 2015, NTPC has 110 MW Solar PV capacity under operation, 250 MW under construction, and 1260 MW under tendering. The company intends to add 10000 MW of Solar PV capacity in the next five years. On 18 July 2015, NTPC declared commercial its first Hydro Power plant at Koldam in the state of Himachal Pradesh . The company has
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#1732869066100480-472: Is engaged in the generation of electricity and other activities. The headquarters of the PSU are situated at New Delhi . NTPC's core function is the generation and distribution of electricity to State Electricity Boards in India. The body also undertakes consultancy and turnkey project contracts that involve engineering, project management, construction management, and operation and management of power plants . It
520-647: Is facing tremendous opposition from the people of Bangladesh owing to the plant's dangerously close proximity to the Sundarbans . NTPC has also been allotted coal blocks, namely Pakri Barwadih, Chatti Bariatu, and Kerandari in Jharkhand as well as Talipalli, Chhattisgarh, and Dulanga in Odisha . Except for Pakri Barwadih, all other blocks were canceled by a decision of the Supreme Court of India on 24 September 2014. However,
560-666: Is located on the river Bhagirathi (a tributary of the Ganges) in Uttarkashi district of Uttarakhand state. This is the first project downstream from the origin of the Ganges at Gangotri . The project was at the advanced stage of construction when it was discontinued by the Government of India in August 2010. Rupasiyabagar Khasiabara HPP, 261 MW in Pithoragarh, Uttarakhand State, near China Border,
600-492: Is proposed through land acquisition laws, local residents oppose the forcible acquisition, as they are not sure of proper rehabilitation. Draft National Electricity Plan (2016), prepared by GoI, states that India does not need additional coal-fired power plants until 2027 with the commissioning of various coal-based power plants which are presently under construction. India is not facing regular power shortages to purchase electricity at high prices, offering higher profit margins to
640-1040: Is the largest power company in India with an installed capacity of 76442.78 MW. Although the company has approximately 16% of the total national capacity, it contributes to over 25% of total power generation due to its focus on operating its power plants at higher efficiency levels (approximately 80.2% against the national PLF rate of 64.5%). NTPC currently produces 25 billion units of electricity per month. NTPC Mining Ltd (NML) has mined about 100 MMT Coal in 2023-2024 FY, NML has Pakri Barwadih, Chatti Bariatu and Kerandari Coal Mines in Jharkhand, Dulanga Coal Mine in Odisha and Talaipalli Coal Mine in Chhattisgarh. NTPC currently operates 55 power stations: 24 coal, seven combined cycle gas and liquid fuel, two hydro powered, one wind turbine, and 11 solar projects. Additionally, it has 9 coal and 1 gas station, owned by joint ventures or subsidiaries. It
680-694: The Bombay Stock Exchange , where it is a constituent of the BSE SENSEX index, and the National Stock Exchange of India , where it is a constituent of the S&;P CNX Nifty . In September 2015, the Government of India held around 74.96% equity shares in NTPC. Over 680,000 individual shareholders hold approx. 1.92% of its shares. Life Insurance Corporation of India is the largest non-promoter shareholder in
720-673: The Government of Sri Lanka to set up two units of 250 MW each in Trincomalee in Sri Lanka . During 2008 and 2011, NTPC entered into joint ventures with BHEL , Bharat Forge , NHPC , Coal India , SAIL , NMDC , and NPCIL to expand its business of power generation. By the end of 2010, its installed capacity crossed 31,000 MW. The company in 2009 joined forces with other state enterprises Rashtriya Ispat Nigam , Steel Authority of India , Coal India , and National Minerals Development Corporation to invest in coal mining operations through
760-471: The Dabhol power station project was, at $ 3 billion, the biggest foreign investment in India. The project was mired in controversy from its inception, which would escalate so dramatically that it affected politics and foreign policy at the national level. The Dabhol Power Station was the largest foreign investment project in India at the time. Until then, Western companies and investors had avoided India. Planners at
800-601: The Enron Corporation, a major partner in the project, advised against starting projects in India due its inefficient and government-controlled energy system . Construction of the Dabhol Power Station was planned to be completed in two phases. The first phase was a 740 MW unit to use naphtha as the fuel. Construction started in 1992 and finally completed in May 1999. The next phase was 1700 MW of units using liquefied natural gas (LNG) as fuel. At its height,
840-413: The business of distribution and trading of power; NTPC Vidyut Vyapar Nigam Limited for meeting the expected rise in energy trading; and NTPC Hydro Limited to carry out the business of implementing and operating small and medium hydropower projects. Later in 2002, its installed capacity crossed 20,000 MW. NTPC got listed on BSE and NSE on 5 November 2004. Against the issue price of ₹62 per share, it closed
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#1732869066100880-525: The business. The company is also in the process of finalizing an MoU with Nigeria for setting up power plants against the allocation of LNG on a long-term basis for NTPC plants in India. NTPC is also developing a joint-venture coal-based power plant 1,320 MW (2x660) with the Bangladesh Power Development Board known as Bangladesh India Friendship Power Company in Rampal , Bangladesh , which
920-580: The company due to the high cost of power charged by them. Subsequently, high-level US Government officials including Colin Powell , Dick Cheney , Christina B.Rocca and Alan Larson tried to convince the Indian authorities to pay Enron and allow them to continue its operations at Dabhol. However, in November 2001, due to the Enron bankruptcy and disputes between Enron's creditors and the Government of Maharashtra (GoM)
960-665: The company was again allotted canceled block under Section 5 of Coal Mines (Special Provision Act 2015) Besides these blocks, the Ministry of Coal has according to its press release dated 3 July 2013 allotted four more blocks namely, Banai and Bhalmuda in Chhattisgarh, Chandrabila and Kudanli Laburi in Odisha. Two more blocks namely Mandakini-II and Banhardih are expected to be allotted to NTPC soon. All these mines are having estimated geological reserves of 6.7 billion tonnes. NTPC has appointed Mining Cum Development Operator (MDO) for its Pakri Barwadih mine. The equity shares of NTPC are listed on
1000-516: The company with 10.03% shareholding. In August 2017, the GOI divested further its 5% stake in NTPC through OFS (Stock Exchange Mechanism) and reduced the holding of GOI in NTPC to 5,76,83,41,760 shares i.e. 64.96% out of total 8,24,54,64,400 shares. The balance is held by public, FIIs, Mutual Funds, and Banks. As of 31 March 2015, the company had 24,067 employees. The attrition rate for the FY 2014–2015, including
1040-430: The competing power generating companies. With the help of assured power purchase agreements (PPA) from the state-owned DisComs, NTPC was able to sell its power at higher margins on the deployed capital and higher overhead costs. Moreover, its main expertise of generating power from coal-fired stations is becoming obsolete in terms of technology and economics against non-conventional power generation like wind, solar, etc. In
1080-481: The construction of the Dabhol power station employed 15,000 people. The power project ran into trouble due to the 1993 power purchase agreement between Enron International (EI) and the state's power utility, Maharashtra State Electricity Board (MSEB). The agreement negotiation lacked transparency, and details had not been made public. For several years, the World Bank objected to the project. The controversy helped
1120-636: The country by Central Government and various state governments. Some of these lands have been allotted to NTPC (and other PSUs in India) through Land Acquisition Acts passed by Central and State Governments. Wherever a land acquisition law is enacted, it also places a liability on the PSUs or governments to take actions for proper rehabilitation of displaced residents of that rural or tribal area. Governments or PSUs are criticized if they do not fulfill their liability towards displaced residents. In many areas where land acquisition
1160-494: The country, (26 Coal based stations, seven gas based stations, one hydro station, one small hydro, 11 Solar PV, and one wind based Station) and 25 Joint Venture stations (nine coal based, four gas based, eight hydro-powered, one small hydro, two wind-powered, and one Solar PV). The company has also stepped up its hydroelectric power (hydel) project implementation. Some of these projects are: NTPC's current renewable power plants in solar and wind include: The company has developed
1200-469: The details below. Request from 172.68.168.133 via cp1102 cp1102, Varnish XID 65440231 Upstream caches: cp1102 int Error: 429, Too Many Requests at Fri, 29 Nov 2024 08:31:06 GMT NTPC Limited NTPC Limited , formerly known as National Thermal Power Corporation , is an Indian central Public Sector Undertaking (PSU) under the ownership of the Ministry of Power and the Government of India , who
1240-467: The first day of listing with ₹75.55 per share. On the day of listing, it became the third largest company in India in terms of market capitalisation. In October 2005, the company's name was changed from National Thermal Power Corporation Limited to NTPC Limited. The primary reason for this change was the company's foray into hydro and nuclear based power generation along with backward integration of coal mining. In 2006, it entered into an agreement with
Dabhol Power Station - Misplaced Pages Continue
1280-735: The future, for the satisfactory growth mainly from wind and solar power projects, NTPC is ready to slash all its extra profit margins on capital deployed to bring down the power sale price at par with the IPPs to secure the projects in open competitive bidding. Government has decided to scrap the coal fired power stations which are more than 25 years old to reduce the pollution. Instead of scrapping old pulverised coal fired units, NTPC should replace coal with torrefied crops waste/biomass as fuel in these units (nearly 11,000 MW) to make them profitable and productive assets without contributing to pollution. To utilize its proven O&M expertise, NTPC may venture on
1320-439: The generating stations owned by National Thermal Power Corporation are done by respective regional load dispatch centers, which are the apex body to ensure integrated operation of the power system grid in the respective region. All these load dispatch centers come under Power System Operation Corporation Limited (POSOCO). The total installed capacity of the company is 72,304 MW (including 13,465 MW through JVs/Subsidiaries) across
1360-500: The plant was shut down. The power plant was finally rehabilitated and taken over by Ratnagiri Gas and Power (RGPPL), which successfully revived and operates the plant. By 2001, there were a number of political controversies brewing over the power purchase agreement . The price paid by MSEB for power from the Dabhol station was over twice that from other power stations in the state. With escalating tensions between MSEB, GoM and DPC, operation of Phase I and construction of Phase II came to
1400-573: The power plant and the other to manage the import of LNG. On 11 April 2019 the Supreme Court in India closed the case of alleged corruption. Chief Justice Ranjan Gogoi and Justices Deepak Gupta and Sanjiv Khanna allowed the plea of the Maharashtra government to end the case, citing its 22-year duration. Ratnagiri district Too Many Requests If you report this error to the Wikimedia System Administrators, please include
1440-418: The power station. RGPPL was floated as a joint-venture between these two companies to own and operate the Dabhol power station. However, the revival proved difficult due to 3 catastrophic breakdowns in the equipment supplied by GE. After repairs to the equipment, the power station resumed operations at 100% of its installed capacity of 1967 MW in 2010, however it has had to often stop operation due to losses and
1480-480: The same year, its name was changed to "National Thermal Power Corporation Limited". In 1983, NTPC began commercial operations and earned profits of INR 4.5 crores in FY 1982–83. By the end of 1985, it had achieved power generation capacity of 2000 MW. In 1986, it completed synchronisation of its first 500 MW unit at Singrauli. In 1988, it commissioned two 500 MW units, one each in Rihand and Ramagundam . In 1989, it started
1520-755: The trainee employees and employees working for subsidiaries and JVs, was 1.35%. Man MW Ratio of the company has fallen from 0.77 in the FY11 to 0.61 in FY 15. NTPC has been awarded continuously as great places to work for in PSUs category. NTPC was ranked second among the 250 largest power producer energy traders in the world by Platts in 2015. On overall basis NTPC ranked 56th amongst Platts 250 companies. In 2009, it received ICSI National Award for Excellence in Corporate Governance. The company (and other PSUs in India) has been allotted land for setting power plants and related infrastructure in rural or tribal areas across
1560-852: Was founded by Government of India in 1975, which now holds 51.1% of its equity shares after divestment of its stake in 2004, 2010, 2013, 2014, 2016, and 2017. In May 2010, NTPC was conferred Maharatna status by the Union Government of India, one of only four companies to be awarded this status. It is ranked 433rd in the Forbes Global 2000 for 2023. The company was founded on 7 November 1975 by India's former Prime Minister Indira Gandhi as National Thermal Power Corporation Private Limited. It started working on its first thermal power project in 1976 at Shaktinagar —named National Thermal Power Corporation Private Limited Singrauli —in Uttar Pradesh . In
1600-412: Was paying DPC ₹4.67/kwh while the tariff that MSEB charged its customers was ₹1.89/kwh. Due to political controversies related to the high pricing of power from the station and allegations of corruption, the construction and operation of the Dabhol power station was interrupted on several occasions even after it started operation in May 1999. In January 2001, the Maharashtra state government stopped paying
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