Public sector power producer NTPC may raise Rs 25,000-30,000 crore via domestic bonds to fund its expansion projects.
This was disclosed by the company's Director (Finance), Mr A.K. Singhal, at an investors' conference call on Friday, a day after its fourth quarter of 2011-12 numbers.
The company mentioned that it is in a ‘comfortable position' to issue domestic bonds. NTPC did not give the timeline for raising such debt, said an analyst who participated in the call.
NTPC may take the ECB route now that the Government has reduced withholding tax on interest payments on foreign borrowings.
“We have tied up Rs 23,000 crore of domestic loans that we can draw anytime. Also, we have lined up ECBs of $200 million,” Mr Singal added.
At present, NTPC has debt of Rs 45,908 crore.
The power producer targets to set up 14,000 MW of new capacities during the Twelfth Plan period.
FUEL SUPPLY
NTPC told investors that it would produce 50-52 million tonnes (mt) of coal from its own captive mines by 2017.
At the end of Twelfth Plan, its total coal requirement would be around 230-240 mt at 90 per cent plant load factor.
Out of these, NTPC aims to import 15-20 mt, while rest would be sourced domestically.
The power producer would require 164 mt of coal in 2012-13 and 180 mt in the following year.