NTPC, India’s largest thermal power generating company with present installed capacity of 43,128 MW, has extended its tender date till 23 Dec, 2014. The tender was suppose to close today. The company has extended date in order to get more participation from abroad miners.
At the 1st time, the company has floated this type of tender in order to tie-up with foreign miners for supply of long-term coal for its requirement. The tie-up shall be put forward for minimum 5 years, so accordingly the companies are required to offer long-term commitment depending upon coal production. Also, the required coal should varies within the range of GAR 4,200-6,000.
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NTPC’s total coal consumption during FY14 was 158.57 MnT comprising 148.18 MnT of domestic coal and 10.39 MnT of imported coal. For FY15, total coal requirement is estimated to be 177 MnT. Out of this, 147 MnT is expected against coal supply agreements and 3 MnT through bilateral MOU/ e-auction. The gap of 27 MnT domestic coal is to be mitigated through 17 MnT of imported coal.
In a conference call with investors, company officially mentioned, “During Apr’14-Sep’14, increased domestic coal supply had led to marginal downfall in imports but as on date we are on track for 21 MnT. We have already imported 8.17 MnT against 7.5 MnT last year. So, it has now being ramped up as Q3 & Q4 are the generation period; we would like to be adequately stocked. In fact, we have planned for this adequate stocking in Q2 also, but due to circumstances like delayed monsoon, elections and other things we had to maintain generation at highest level during Q1 and that has exhausted the coal stock. As a result, our planning has gone little topsy-turvy for Q2, but we are on track in Q3 & Q4 and we will be able to meet the demand.”
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