NTPC targeting to have PPAs for 75000 MW before January 2011
merisarkar news service
New Delhi, October 29, 2010
2107.38 Cr PAT in Q2: Arup Roy Choudhury
NTPC has set a target of having a capacity of 75000 MW plus by 2017 by growing at a CAGR of around 13% and has already entered into Power Purchase Agreements for selling power based on long term purchase agreements for its 62000 MW capacity and planning to enter into PPA for balance capacity before January 2011.
NTPC's 2nd quarter results showed an increase in generation by 3.75% contributed by over 52 billion units. The Company reported profit after Tax for the 2nd Quarter as Rs. 2107.38 crore as compared to Rs. 2151.95 crore declared for the corresponding previous quarter.
The adjusted PAT for the same period is Rs. 1851.39 crore in the current fiscal as compared to Rs. 1834.59 crore showing an increase of approximately 1% after excluding one time adjustments such as write-back of depreciation and Advance Against Depreciation amounting to Rs. 1763.34 crore and Rs. 1262.67 crore included in Debtors relating to APTL orders issued in favour of NTPC have been fully provided for and other consequential adjustments relating to income tax etc.
NTPC clarified in a statement that the increase in fuel cost is recoverable from the beneficiaries and does not have any negative impact on the profitability of the Company.
