NTPC TO POWER HUGE EN­ERGY COST RE­DUC­TION: CMD GUR­DEEP SINGH

Resource Digest - - RESOURCE DIGEST -

Ex­ud­ing con­fi­dence that Cen­tre’s UDAY scheme will help re­vive debt stressed dis­coms, NTPC Ltd Chair­man and said Man­ag­ing Di­rec­tor Gur­deep Singh. Elec­tric­ity de­mand is go­ing to in­crease in fu­ture. The cen­tral gov­ern­ment had launched UDAY scheme to help dis­coms re­duce debt and im­prove their fi­nan­cial po­si­tion which will ul­ti­mately help them buy power re­quired for their cus­tomers. They were un­able to buy power from gen­er­at­ing firms de­spite hav­ing de­mand from their con­sumers.

NTPC Lim­ited (pre­vi­ously known as Na­tional Ther­mal Power Cor­po­ra­tion Lim­ited) is an In­dian PSU Pub­lic Sec­tor Un­der­tak­ing, en­gaged in the busi­ness of gen­er­a­tion of elec­tric­ity and allied ac­tiv­i­ties.

It is a com­pany in­cor­po­rated un­der the Com­pa­nies Act 1956 and a “Gov­ern­ment Com­pany” within the mean­ing of the act. The head­quar­ters of the com­pany is sit­u­ated at New Delhi. Singh was ad­dress­ing em­ploy­ees’ on 41st rais­ing day of the com­pany to­day at En­gi­neer­ing Of­fice Com­plex at Noida.

He also spoke about ef­forts of NTPC’S to bring down en­ergy charges by stop­ping im­port of coal, en­sur­ing bet­ter qual­ity coal through third party sam­pling and coal ra­tio­nal­i­sa­tion. Singh urged NTPC’S Power Man­age­ment In­sti­tute and re­search arm NETRA to play a cru­cial role the com­pany’s de­vel­op­ment.

NTPC is the third largest power com­pany in terms of coal based power gen­er­a­tion ca­pac­ity, 2nd in PLF, 3rd in ma­chine avail­abil­ity and 7th in terms of elec­tric­ity gen­er­a­tion, among the top twenty coal based power gen­er­at­ing com­pa­nies glob­ally, which is a mat­ter of great pride for NTPC fam­ily said Shri Gur­deep Singh, CMD ,NTPC ad­dress­ing the em­ploy­ees on the oc­ca­sion of 41st rais­ing day of the com­pany to­day. He also shared the new Vi­sion and Core Val­ues of the com­pany on the oc­ca­sion.

Speak­ing about En­vi­ron­ment Man­age­ment, he said NTPC has to en­sure min­i­mum im­pact on the en­vi­ron­ment from its power sta­tions and carry for­ward the slo­gan “Low cost Low emis­sion” to main­tain its po­si­tion as a leader in the sec­tor.

NTPC is cre­at­ing ad­di­tional car­bon sinks by plant­ing one crore saplings dur­ing this fi­nan­cial year and the up­com­ing Te­len­gana Ther­mal Power Project shall be most modern com­ply­ing with the lat­est en­vi­ron­ment norms, he said.

In­clu­sion of safety as a Core Val­ues is to en­sure safe prac­tices in all ar­eas of Com­pany’s op­er­a­tions, he added.

Singh lauded Team NTPC’S ef­forts for achiev­ing high­est gen­er­a­tion on Septem­ber 9, 2016, per­for­mance of Koldam Hy­dro project, start of work at Pakhri Bar­wadih coal mine, for be­ing the first com­pany to is­sue Masala bonds, Con­sul­tancy Wing for pro­vid­ing ser­vices to nearly 18000 MW projects in the coun­try and con­struc­tion of toi­lets for Swachch Bharat cam­paign un­der CSR.

State-run NTPC is the third largest power com­pany in terms of coal based power gen­er­a­tion ca­pac­ity, and among top 20 coal based power gen­er­at­ing firms glob­ally.

GUR­DEEP SINGH, CMD, NTPC

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