NTPC’s largest power plant at Vindhyachal in Madhya Pradesh with a capacity of 4,260 Mw is facing shut-down due to paucity of coal supply from Northern Coalfields. The company said it would stop operations if fuel shortage continues.
Flushed with funds, retirement fund body EPFO has proposed to invest up to Rs 10,000 crore in secured non-convertible bonds of state-run power producer NTPC starting from the current fiscal under a long term agreement.
The plant is to be implemented by Bangladesh India Friendship Power Company Ltd (BIFPCL) - an equal joint venture between NTPC and the Bangladesh Power Development Board. It would have two units, each having 660 Mw generation capacity, fired by coal.
The Kudgi Thermal Power Plant at Kudgi in Bijapur district of Karnataka now wears a deserted look with over 5,000 workers leaving the site enmasse. The work at the plant has hence come to a standstill.
Six of India's coal-fired power plants do not have enough stocks to weather even a "small" disruption in supplies, with fuel reserves sufficient for only up to two days, the country's largest power producer has warned.
Nearly half of the thermal power plants in the country, including over 20,000 MW capacity stations of state-run NTPC, are reeling under coal shortage with stocks to last less than a week, an official data said.
Reeling under fuel shortage and power crisis, the newly formed state of Telangana has received an investment assurance by NTPC, India's largest thermal power producer for setting up a 4,000 mw power plant.