NTPC finalises contracts for 4 thermal power projects

Following the award of the contract for a 1,320 megawatt (MW) thermal power project at Odisha's Talcher, NTPC Ltd has completed contract awarding for four more coal-fired power projects over the next three years. These four projects will add 4.8 gigawatts (GW) of electricity generation capacity.

NTPC Ltd, India's largest electricity generating company, is to set up new thermal power plants in Sipat (1x800 MW) in Chattishargh, Singrauli (2x800 MW) in Uttar Pradesh, Darlipali (1x800 MW) in Odisha and Lara (2x800 MW), again in Chattisgarh. All of these four projects will be expansion projects where additional units will be added to the existing thermal power plants.

The contract for the proposed Lara plant will be awarded by March 2023. For the Sipat project, the same will be done in Q2 of FY 2024 and that will be awarded in Singrauli in FY 2025. For the Darlipali plant, the NTPC is currently resolving forest land issues and if that clears up early, will be awarded the job by FY 2024, senior officials at NTPC Ltd said.

NTPC Ltd has already awarded a contract to BHEL for a 2x660 MW (1,320 MW) thermal power plant in Talcher, Odisha. The first unit of the Talcher thermal power plant will be commissioned in August 2026.

NTPC will spend approximately Rs 500 billion on these five projects (including Talcher), representing an annual capex of approximately Rs 120 billion on coal-fired energy projects.

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