India's NTPC eyes investing US$10b for new coal-fired plants

This will be for the next 5 years.

The Indian power utility National Thermal Power Corporation (NTPC) announced it will set aside and invest US$10b for the construction of new coal-fired power plants in the next 5 years, according to Enerdata.

NTPC plans a first phase with three supercritical power stations reaching a combined capacity of 5,000 MW, which is almost twice the capacity of those currently being phased out or mothballed. However, the investment plan has not yet been approved by the government.

"This announcement comes just after the Central Electricity Authority, India’s electricity regulator concluded through the December 2016 Draft National Electricity Plan (an assessment of the domestic electricity market) that India does not plan on expanding its coal-fired capacity over 2017-2022. This plan does not take into account the facilities which are currently under construction," Enerdata said.

This story was originally published by Enerdata.