NTPC to reduce capex by 18 percent in 2017-18

In another development, NTPC is planning to reduce its capex by 18 per cent to Rs 230 billion in 2017-18 due to low demand growth and surplus capacity in the power sector. The company is also likely to retire 25 of its power generating units that collectively generate up to 2,390 MW, as they will soon turn older than 25 years, thereby making retrofitting and emission control difficult. Meanwhile, NTPC is planning to secure a pan-Indian licence to scale up the installation of electric vehicle charging stations across multiple states.

GET ACCESS TO OUR ARTICLES

Enter your email address