NTPC on Monday issued a Rs 3,500-crore global tender seeking supply of four million tonnes 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 tonnes during the current year and targets importing 16 million tonnes.
It has already signed an agreement with state-run State Trading Corp for importing 12 million tonnes. The selected bidder would be responsible for sourcing non-coking coal and delivering it at various NTPC power stations. The company would finance the tender through its internal resources.
The bid documents will be available from April 27 to May 26, it said. NTPC decided to import the fuel on its own in 2009 after one of the bidders for a 12.5 million tonnes 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 tonnes 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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