NTPC is India’s largest energy conglomerate with roots planted way back in 1975 to accelerate power development in India. Since then it has established itself as the dominant power major with presence in the entire value chain of the power generation business. From fossil fuels it has forayed into generating electricity via hydro, nuclear and renewable energy sources. This foray will play a major role in lowering its carbon footprint by reducing green house gas emissions. To strengthen its core business, the corporation has diversified into the fields of consultancy, power trading, training of power professionals, rural electrification, ash utilisation and coal mining as well.
NTPC became a Maharatna company in May 2010, one of the only four companies to be awarded this status. NTPC was ranked 431st in the ‘2015, Forbes Global 2000’ ranking of the World’s biggest companies.
NTPC Ltd has drawn up plans to set up a 4,000-MW ultra mega power project at Pudimadaka near Visakhapatnam wherein it has been allotted 1,200 acres by the Andhra Pradesh Government.
The thermal power project has been in pipeline for the past several years. With both the Central and the State Governments keen to provide necessary support for the project, NTPC has decided to initiate the project which entails an outlay of Rs. 20,000 crore.
The project is based on imported coal and requires about 19.8 million tonnes of coal per annum.
After the signing-in ceremony of allotment of land to NTPC in the presence of Union Power Minister Piyush Goyal, AP Chief Minister N Chandrababu Naidu and NTPC Chairman and Managing Director Arup Roy Choudhury, the Union Power Minister said that the project would be completed by 2019.