Wednesday, July 14, 2010

NTPC to re-tender nine boiler units of 800 MW each

NTPC has issued new tenders for boiler bulk orders. It has not issued fresh tenders for turbines. NTPC had disqualified Larsen & Toubro from the 11x660 MW bulk tender. It is likely to float turbines of higher capacity.
Commenting on the same, RS Sharma, Chairman and MD, NTPC, said the company has gone in for re-tendering of boiler orders. "We are going for nine units of 800 MW in the next 2-3 months. New bulk tendering will be completed this year itself."

NTPC, he stated, will go ahead with the turbine orders as well but declined to comment on L&T’s eligibility. "Both qualifying requirements inturbines and boilers will have to be met. There are no changes in the terms and conditions in the new tenders."
The state-run firm is aggressively looking for coal blocks abroad. Reports suggest that NTPC has dropped its plans to acquire Griffin assets. Commenting on the same, Sharma said the coal block acquisitions will be via a joint venture or equity purchase.
Currently, NTPC has a requirement of 240 million tonne of coal. Its coal requirement is expected to go up by 10-15% per annum. Coal India supplies 80-85% of NTPC's coal requirement. NTPC has been allocated nine mines with estimated reserves of 5.9 billion tonne of coal. The Pakri-Barwadih captive coal plant has delayed commissioning by one year.
NTPC's current power capacity stands at 31,500 MW. The company is targeting 45,000 MW by FY12 end. Under construction power capacity stands at 17,500 MW.
Of its total capacity, 3,955 MW is gas-based. Reliance Industries and NTPC are fighting it out in the courts over the pricing of gas. The next date for hearing is July 26. NTPC has sought the Power Ministry help in lobbing with the Petroleum Ministry to protect its interests.
Here is a verbatim transcript of the exclusive interview with RS Sharma on CNBC-TV18. Also watch the accompanying video.
Q: Can you just give us clarity on that large boiler plus tender offer, where things stand at now after you disqualified L&T? For what has new tenders been asked for and what is the update for turbine front as well?
A: So far the boiler is concerned, we have already gone for re-tendering of that. We have got 11 units of 660 megawatt there; already we have given two months time for the bidders to respond. So far as turbine is concerned, we are going ahead on 660 megawatt.

http://www.moneycontrol.com/news/business/ntpc-to-re-tender-nine-boiler-units800-mw-each_469673.html