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NTPC is currently working on its captive coal mines with production target of 12 mtpa by 2012 and 47 mtpa by 2017 from the six coal mining blocks allotted to it. The company is taking steps to accelerate the development of these coal mining projects.

Further, NTPC is also forming a joint venture (JV) company with Coal India (CIL) to develop, operate and maintain two coal mining blocks allotted jointly to NTPC and CIL in Jharkhand and develop integrated power plants.

NTPC has signed a long-term coal supply agreement with Coal India for a period of 20 years with the objective of ensuring guaranteed coal supply at 90% of annual contracted quantity for its generating stations.

Adding to its fast pace growth, NTPC is also scouting for opportunities for acquisition of stakes in coal mines abroad and is exploring possibilities in Indonesia, Mozambique and South Africa and has formed a JV with RINL, SAIL, CIL and NMDC for sourcing coking coal and thermal coal from overseas.

Tags:Coal India (CIL), coal mines abroad and, coal mining projects, develop integrated power plants, ensuring guaranteed coal supply, Indonesia, Jharkhand, joint venture (JV), Mozambique, NTPC, South Africa, thermal coal

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