‘My aim is to make NTPC world’s most valuable company’

Power minister Piyush Goyal

PRAISING the performance and contribution of the power major NTPC to the nation, minister of state (independent charge) for power, coal and new & renewable energy Piyush Goyal maintained that his target is to make NTPC the world's most valuable company in next five years.

He also urged upon the employees...

of the power major to take this as a challenge and personal commitment by providing cheap and quality electricity to the masses.

He said the PSU has still bigger goals by aligning with the national mission.

Addressing NTPC's International Power Plant Operation and Maintenance Conference in New Delhi on February 13, the minister said NTPC has seen turbulences and crisis and evolved as a better organisation over a period of time.

The theme of the conference was 'Fuel Adequacy' to commemorate commencement of service from its first ever generating unit at Singrauli, on the same day in 1982.

D.V. Kapoor, founder chairman of NTPC, AS Bakshi, member Central Electricity Regulatory Commission and former chairperson Central Electricity Authority, Dr Arup Roy Choudhury, chairman and managing director, NTPC also spoke during the inaugural session.

D.V. Kapoor said that NTPC was created to escalate power generation at the time when India was suffering from acute power shortage.

NTPC took up the challenge and emerged as most efficient company that set benchmarks for the sector, he added. He appreciated the role of Finance and HR for the success of the organization along with Engineering.

A.S. Bakshi called NTPC ‘nation's pride’ which has brought innovative practices in the sector. He said the purpose of the conference is to share and learn from each other.

Dr. Arup Roy Choudhury emphasized on the need for improvement in efficiency to bring down cost of generation. He said fuel and water are scarce and a judicious use of these two is important and need retrospection in forums like these. He spoke about the need to weed out old redundant practices with new and more efficient ones at all power stations.

The conference is being attended by over 300 delegates with power industry representatives from USA, Germany, China, Japan, Australia as well as from domestic players like TATA Power, Adani group, GMR group, and many State Sector Power companies.

NTPC is the largest power utility in India with an installed power capacity of 43,143 MW and an additional 23839 MW capacity under construction. To realize the vision of becoming a world class power major, NTPC plans to become a 1,28,000 MW company by 2032.

NTPC plans to add 14,038 MW during the 12th Plan period (2012-17) and the Maharatna PSU has cash reserves of Rs.16,867.7 crore as on 31 March this year.