India Power Giant to Add More Coal Plants to Meet Soaring Demand
- NTPC to order construction of 4.5 gigawatts of new capacity
- Company likely to IPO green power unit after failed stake sale
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State-run NTPC Ltd., India’s largest electricity producer, plans to start building more coal plants this year as the country continues to lean on the fuel to meet its growing energy needs.
New Delhi-based NTPC will likely award construction orders for about 4.5 gigawatts of coal-fired capacity during the fiscal year that began this month, according to an official aware of the plans, who asked not be named before a final decision is made. The projects will be built across three sites where the utility already runs power plants.