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... ... @@ -4,7 +4,7 @@
4 4  
5 5  = Overview =
6 6  
7 -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.{{footnote}}https://www.ntpc.co.in/en/about-us/ntpc-overview{{/footnote}}
7 +NTPC (NSE: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.{{footnote}}https://www.ntpc.co.in/en/about-us/ntpc-overview{{/footnote}}
8 8  
9 9  NTPC became a Maharatna company in May 2010, one of the only four companies to be awarded this status. NTPC is ranked No. 2 Independent Power Producer(IPP) in Platts Top 250 Global Energy Company rankings.
10 10  
... ... @@ -111,69 +111,39 @@
111 111  * Hindustan Urvarak & Rasayan Limited (HURL)
112 112  
113 113  
114 +== Power Generation        ==
114 114  
115 -Power Generation       
116 -
117 117  NTPC is committed to generating power responsibly and sustainably. Besides fossil fuels the company has diversified into producing energy through cleaner and greener sources such as hydro and solar energy. NTPC occupies the premier position in the Indian energy sector in terms of size and efficiency. It accounts for 25% of India’s total generation during the financial year 2015-16. With an increasing presence in the power value chain, NTPC is well on its way to becoming an “Integrated Power Major.” Powering India’s growth story.
118 118  
118 +== Installed Capacity        ==
119 119  
120 -Installed Capacity       
120 +Present installed capacity of NTPC Group is 62,110 MW (including 11,755 MW through JVs/Subsidiaries) comprising of 45 NTPC Stations (24 Coal based stations, 7 gas based stations, 1 Hydro station, 1 small hydro, 11 Solar PV and 1 Wind based Station) and 25 Joint Venture stations (9 coal based, 4 gas based, 8 hydro, 1 small hydro 2 Wind and 1 Solar PV){{footnote}}https://www.ntpc.co.in/en/power-generation/installed-capacity{{/footnote}}
121 121  
122 -Present installed capacity of NTPC Group is 62,110 MW (including 11,755 MW through JVs/Subsidiaries) comprising of 45 NTPC Stations (24 Coal based stations, 7 gas based stations, 1 Hydro station, 1 small hydro, 11 Solar PV and 1 Wind based Station) and 25 Joint Venture stations (9 coal based, 4 gas based, 8 hydro, 1 small hydro 2 Wind and 1 Solar PV)
123 123  
123 +(% style="width:789px" %)
124 +|(% style="width:364px" %)**Sl.No.**|(% style="width:210px" %)**NO. OF PLANTS**|(% style="width:214px" %)**CAPACITY (MW)**
125 +|(% style="width:364px" %)**NTPC Owned**|(% style="width:210px" %) |(% style="width:214px" %)
126 +|(% style="width:364px" %)Coal|(% style="width:210px" %)24|(% style="width:214px" %)44,610
127 +|(% style="width:364px" %)Gas/Liquid Fuel|(% style="width:210px" %)7|(% style="width:214px" %)4,017
128 +|(% style="width:364px" %)Hydro|(% style="width:210px" %)1|(% style="width:214px" %)800
129 +|(% style="width:364px" %)Small Hydro|(% style="width:210px" %)1|(% style="width:214px" %)8
130 +|(% style="width:364px" %)Solar PV|(% style="width:210px" %)11|(% style="width:214px" %)870
131 +|(% style="width:364px" %)Wind|(% style="width:210px" %)1|(% style="width:214px" %)50
132 +|(% style="width:364px" %)Total|(% style="width:210px" %)45|(% style="width:214px" %)50,355
133 +|(% style="width:364px" %)**Owned By JVs/Subsidiaries**|(% style="width:210px" %) |(% style="width:214px" %)
134 +|(% style="width:364px" %)Coal|(% style="width:210px" %)9|(% style="width:214px" %)6,494
135 +|(% style="width:364px" %)Gas/Liquid Fuel|(% style="width:210px" %)4|(% style="width:214px" %)2,494
136 +|(% style="width:364px" %)Hydro|(% style="width:210px" %)8|(% style="width:214px" %)2,625
137 +|(% style="width:364px" %)Small Hydro|(% style="width:210px" %)1|(% style="width:214px" %)24
138 +|(% style="width:364px" %)Wind|(% style="width:210px" %)2|(% style="width:214px" %)113
139 +|(% style="width:364px" %)Solar|(% style="width:210px" %)1|(% style="width:214px" %)5
140 +|(% style="width:364px" %)Total (JVs/Subsidiaries)|(% style="width:210px" %)25|(% style="width:214px" %)11,755
141 +|(% style="width:364px" %)Total|(% style="width:210px" %)70|(% style="width:214px" %)62,110
124 124  
125 -[[https:~~/~~/www.ntpc.co.in/en/power-generation/installed-capacity>>url:https://www.ntpc.co.in/en/power-generation/installed-capacity]]
143 += Industry structure        =
126 126  
145 +Gross annual generation of the country (excluding import from Bhutan) increased by 5.2% from 1,308 BUs in the previous year to 1,376 BUs in the current year (including renewables). Generation from renewable sources increased by about 24% from 102 BUs to 127 BUs, while generation from conventional sources increased by 4% from 1,206 BUs to 1,249 BUs.{{footnote}}https://www.ntpc.co.in/annual-reports/8842/download-complete-annual-report-2018-19{{/footnote}}
127 127  
128 -
129 -<table>               
130 -
131 -Sl.No.        NO. OF PLANTS        CAPACITY (MW)
132 -
133 -NTPC Owned                
134 -
135 -Coal        24        44,610
136 -
137 -Gas/Liquid Fuel        7        4,017
138 -
139 -Hydro        1        800
140 -
141 -Small Hydro        1        8
142 -
143 -Solar PV        11        870
144 -
145 -Wind        1        50
146 -
147 -Total        45        50,355
148 -
149 -Owned By JVs/Subsidiaries                
150 -
151 -Coal        9        6,494
152 -
153 -Gas/Liquid Fuel        4        2,494
154 -
155 -Hydro        8        2,625
156 -
157 -Small Hydro        1        24
158 -
159 -Wind        2        113
160 -
161 -Solar        1        5
162 -
163 -Total (JVs/Subsidiaries)        25        11,755
164 -
165 -Total        70        62,110
166 -
167 -
168 -
169 -
170 -Industry structure       
171 -
172 -[[https:~~/~~/www.ntpc.co.in/annual-reports/8842/download-complete-annual-report-2018-19>>url:https://www.ntpc.co.in/annual-reports/8842/download-complete-annual-report-2018-19]]
173 -
174 -
175 -Gross annual generation of the country (excluding import from Bhutan) increased by 5.2% from 1,308 BUs in the previous year to 1,376 BUs in the current year (including renewables). Generation from renewable sources increased by about 24% from 102 BUs to 127 BUs, while generation from conventional sources increased by 4% from 1,206 BUs to 1,249 BUs.
176 -
177 177  Generation capacity of 3,479 MW (excluding renewables) was added during financial year 2018-19 compared to 5,392 MW added during the previous year.
178 178  
179 179  Renewable energy capacity of 8,619 MW added during the year. Renewable energy capacity has increased by about 12.5% from 69,022 MW as at 31 March 2018 to 77,642 MW as at 31 March 2019.
... ... @@ -182,27 +182,20 @@
182 182  
183 183  72,705 MVA of transformation capacity added during the year as against 86,193 MVA in the previous year.
184 184  
155 +== Existing Installed Capacity ==
185 185  
186 -
187 -Existing Installed Capacity
188 -
189 189  The total installed capacity in the country as on 31 March 2019 was 3,56,100 MW (including renewables) with Private Sector contributing 46.2% of the installed capacity followed by State Sector with 29.5% share and Central Sector with 24.3% share.
190 190  
159 +== Generation        ==
191 191  
192 -
193 -Generation       
194 -
195 195  The total conventional power available in the country during the financial year 2018-19 was 1,249 BUs as compared to 1,206 BUs during previous year, registering a growth of 3.6%. (Generation figures pertain to capacity monitored by CEA).
196 196  
197 -
198 198  As far as thermal generation is concerned, based on the monitored capacity by CEA, the generation contribution of central sector is 36.9% with installed capacity share of 24.3%, state sector contributes 32.1% of generation with installed capacity share of 29.5% and private sector contributes 30.6% of generation with installed capacity share of 46.2%. Central sector utilities have performed better as compared to those of state and private sector utilities.
199 199  
165 +== Consumption        ==
200 200  
201 -Consumption       
202 -
203 203  The per capita consumption of power in India was 1,149 units in financial year 2017-18 (provisional) (Source: Central Electricity Authority), which is almost one-third of the global average (3,052 units).
204 204  
205 -
206 206  Major end users of power are broadly classified into industrial, agricultural, domestic and commercial consumers. Their shares of electricity consumption were approximately 40%, 18%, 24% and 9%, respectively. During the same period, Traction & Railways and others represented about 9% of power consumption.
207 207  
208 208  With ambitious target of providing free electricity connections to all households in rural areas and poor families in urban areas by Dec. 2018, the Government of India launched Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGYA) in September 2017. As indicated in the Saubhagya Dashboard, 99.99% households have been electrified and only 18,734 households in Chhattisgarh remains to be electrified.
... ... @@ -209,9 +209,8 @@
209 209  
210 210  Other key initiatives taken by Government of India include Integrated Power Development Scheme (for providing 24x7 power supply in the urban areas) and Deen Dayal Upadhyaya Gram Jyoti Yojana (agricultural feeders segregation, strengthening of sub-transmission & distribution infrastructure in rural areas and rural electrification). 100% village electrification has been achieved.
211 211  
175 +== Transmission        ==
212 212  
213 -Transmission       
214 -
215 215  The transmission network (at voltages of 220 kV and above) in the country has grown at an average rate of ~~ 6% CAGR since the end of 12th Plan in terms of circuit kilometres added.
216 216  
217 217  The total inter-regional transmission capacity of country has increased from 75,050 MW at the end of 12th plan to 99,050 MW as on 31 March 2019. During the financial year 2018-19, 12,600 MW inter-regional capacity was added.
... ... @@ -218,37 +218,33 @@
218 218  
219 219  This augmentation of the national grid will help promote competition and enable merit order dispatch of generation leading to lower cost of power for consumers. This is also essential for supporting higher injection of renewables into the grid for transfer of power from RE-rich states to other states. This large-scale integration of renewable energy alongwith other factors such as increasing power generation capacity and reforms in fuel sector is slated to increase the demand for transmission capacity significantly in the coming years.
220 220  
183 +== Distribution        ==
221 221  
222 -Distribution       
223 -
224 224  Distribution is the key link to realize the Government of India’s vision of supplying reliable 24x7 Power for All. For this, the distribution companies need to be healthy to be able to discharge their functions & responsibilities efficiently.
225 225  
226 226  To improve the distribution segment’s performance, Government of India launched a comprehensive power sector reform scheme, Ujwal Discom Assurance Yojana (UDAY) on 5 November 2015 for operational and financial turnaround of Discoms. The Average Cost of Supply (ACS) and Average Revenue Realised (ARR) gap has reduced from ` 0.59 per kWh in 2016 to ` 0.24 per kWh by May 2019 and AT&C have also reduced to 18.37%.
227 227  
189 +== Power Trading        ==
228 228  
229 -Power Trading       
230 -
231 231  In India, power is transacted largely through long-term Power Purchase Agreements (PPA) entered into between Generating companies and the Distribution utilities. A small portion is transacted through various short-term mechanisms like bilateral transactions through licensees, Day-ahead transactions through power exchanges and real time balancing market mechanism (i.e. Deviation Settlement Mechanism).
232 232  
233 233  In the year 2018-19, around 88% of power generated in the Country was transacted through the long-term PPA route and about 12% of the power was transacted through short-term trading mechanisms. Short-term electricity transaction in the current financial year increased to 145 BU, as compared to 128 BU in the previous year, registering about 14% growth.
234 234  
195 += Outlook and opportunities =
235 235  
236 -Outlook and opportunities
197 +**Strategic focus of the Company**
237 237  
238 -Strategic focus of the Company
239 -
240 240  As per its long-term corporate plan, the company has targeted to achieve total installed capacity of 130 GW by 2032, to be implemented through development of greenfield & brownfield projects, collaborations and acquisitions. The capacity will have a diversified fuel mix comprising 65.4% coal, 4.6% gas, 1.5% nuclear and 28.5% Renewable Energy Sources (RES) including hydro. Therefore, by 2032, non-fossil fuel based generation capacity shall make up nearly 30% of the company’s portfolio
241 241  
242 242  The company envisages enhancing its current presence in consultancy, power trading and ancillary services. It is also planning to make a foray into electric mobility and battery storage, supported by research & development and collaboration with OEM/OES, research institutes etc.
243 243  
203 +**Inorganic Growth Opportunities**
244 244  
245 -Inorganic Growth Opportunities
246 -
247 247  The company is looking for suitable opportunities for acquisition of power plants to fulfil its growth target, after due techno-commercial diligence and appropriate valuation
248 248  
249 249  The company acquired Barauni Thermal Power Project from Bihar State Power Generation Company Limited (BSPGCL) where two units of 110 MW each are in commercial operation and two units of 250 MW each are under construction. The company has also acquired 100% stake in Kanti Bijlee Utpadan Nigam Limited (KBUNL) and Nabinagar Power Generating Company Limited (NPGCL).
250 250  
251 -Fuel Security       
209 +**Fuel Security**
252 252  
253 253  The company has achieved fuel security through longterm coal supply agreements. The materialization of Annual Contracted Quantity remained 95% in current financial year.
254 254  
... ... @@ -256,54 +256,36 @@
256 256  
257 257  Coal production from Pakri-Barwadih and Dulanga Captive Coal Mines started in financial year 2016-17 and 2017-18 respectively. Pakri-Barwadih Captive Coal Mine achieved COD on 1 April 2019. During the current financial year, the combined coal production from these two mines was about 7.3 MMT, which was supplied to the company’s thermal power plants at Barh, Kudgi, Mouda, Bongaigaon, Tanda, Solapur and Unchahar stations.
258 258  
259 -Renewable Energy       
217 +**Renewable Energy**
260 260  
261 261  With 928 MW of renewable installed capacity, the company has ventured into large-scale deployment of RE assets and is committed to add 10 GW of own renewable power capacity by 2022. The Company is also assisting the GoI in its National Solar Mission. Currently, 345 MW solar capacity is under
262 262  
221 += Financial Highlights        =
263 263  
264 -Financial Highlights       
223 +On Feb 07, 2020, NTPC reported Q3 FY 19-20 results. The company reported a 22.60 per cent year-on-year (YoY) rise in net profit at Rs 3,197.73 crore for the December quarter compared with Rs 2,608.18 crore in the same quarter last year.{{footnote}}https://economictimes.indiatimes.com/markets/stocks/earnings/ntpc-q3-results-profit-jumps-22-6-to-rs-3198-crore-margin-expands-280-bps/articleshow/74007013.cms?from=mdr{{/footnote}}
265 265  
266 -On Feb 07, 2020, NTPC reported Q3 FY 19-20 results. The company reported a 22.60 per cent year-on-year (YoY) rise in net profit at Rs 3,197.73 crore for the December quarter compared with Rs 2,608.18 crore in the same quarter last year.
267 -
268 -[[https:~~/~~/economictimes.indiatimes.com/markets/stocks/earnings/ntpc-q3-results-profit-jumps-22-6-to-rs-3198-crore-margin-expands-280-bps/articleshow/74007013.cms?from=mdr>>url:https://economictimes.indiatimes.com/markets/stocks/earnings/ntpc-q3-results-profit-jumps-22-6-to-rs-3198-crore-margin-expands-280-bps/articleshow/74007013.cms?from=mdr]]
269 -
270 -
271 -
272 272  Revenue from operations fell 0.30 per cent YoY to Rs 25,412.39 crore compared with Rs 25,491.04 crore in the year-ago quarter.
273 273  
274 274  Ebitda for the quarter at Rs 7,593 crore was higher than Rs 6,901.90 crore in the same quarter last year.
275 275  
276 -
277 277  Consolidated margin for the quarter expanded 280 basis points to 29.9 per cent compared with 27.1 per cent in the year-ago quarter
278 278  
231 +== Recent developments ==
279 279  
233 +22nd May, 2020. NTPC has signed a MOU with ONGC to set up Joint Venture Company for Renewable Energy Business{{footnote}}https://www.ntpc.co.in/en/investors/announcements{{/footnote}}
280 280  
281 -
282 -Recent developments
283 -
284 -22nd May, 2020. NTPC has signed a MOU with ONGC to set up Joint Venture Company for Renewable Energy Business
285 -
286 -[[https:~~/~~/www.ntpc.co.in/en/investors/announcements>>url:https://www.ntpc.co.in/en/investors/announcements]]
287 -
288 -
289 289  The Maharatna companies NTPC Ltd. and Oil and Natural Gas Corporation Limited (ONGC) have signed a Memorandum of Understanding (MoU) on 21st May 2020 at Delhi to set up a Joint Venture Company for Renewable Energy business. This MoU will enable both companies to accelerate their footprint in the Renewable Energy.
290 290  
291 -
292 292  This MOU was signed by Director (Commercial) of NTPC, Mr. A. K. Gupta and Director (Finance) and In-charge Business Development and Joint Ventures of ONGC Mr. Subhash Kumar. The MoU signing activity has been done on Virtual conferencing mode in the august presence of CMD of NTPC Mr. Gurdeep Singh and CMD of ONGC Mr. Shashi Shanker along with the other Directors and officials of both the companies.
293 293  
294 -
295 295  As per the MoU, NTPC and ONGC will explore the setting up of offshore wind and other Renewable Energy Projects in India and overseas. They shall also explore opportunities in the fields of sustainability, storage, E-mobility and ESG (Environmental, Social and Governance) compliant projects.
296 296  
297 -
298 298  NTPC, presently has 920 MW of installed Renewable power projects in its portfolio and about 2300 MW of RE projects under construction. With this tie up NTPC would accelerate its RE capacity addition program and also expand its footprint in offshore wind and overseas Renewable energy projects in the process for realising its ambitious target of 32 GW of Renewable Energy Projects by 2032.
299 299  
300 -
301 301  ONGC has a renewable portfolio of 176 MW comprising of 153 MW wind power and 23 MW of solar.
302 302  
303 -
304 304  This development will enhance the presence of ONGC in the Renewable Power business and enable its ambition to add 10 GW of renewable power to its portfolio by 2040.
305 305  
247 += References        =
306 306  
307 -References       
308 -
309 309  {{putFootnotes/}}
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