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NTPC invites bids for coal

NTPC invites bids for coal

NTPC issued a Rs 3,500-crore global tender seeking supply of four million tonne imported coal for its power projects. The company has for the first time bypassed trading firms like State Trading Corp and MMTC that have been importing coal for NTPC. NTPC estimates total coal requirement of about 162 million tonne during the current year and targets importing 16 million tonne.

It has already signed an agreement with state-run State Trading Corp for importing 12 million tonne. The selected bidder would be responsible for sourcing non-coking coal and delivering it at various NTPC power stations. NTPC decided to import the fuel on its own in 2009 after one of the bidders for a 12.5 mt tender demanded investigation into coal procurement process of the public company.

The Rs 6,000-crore tender placed on MMTC had to be scrapped. NTPC consumed 12.5 million tonne imported coal in 2010-11. NTPC plans to add 4,320 MW during 2011-12 to its existing capacity of 34,194 MW.

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