Productivity and efficiency would help NTPC overcome challenge of increasing fuel bills and bring down cost of power, AK Jha, Chairman and Managing Director(CMD) NTPC said today.
Addressing the officials and staff of the company on the foundation day, he said that NTPC is the pride of the nation and a trusted company which is an enthusiastic participant in all the new initiatives in the sector like fuel swapping for cost rationalization, National Solar Mission and Swachh Bharat Abhiyan etc.
Mentioning about National Solar Mission and NTPC receiving the lowest tariff bid of Rs. 4.63 per unit of electricity for 500MW solar park scheduled to be put up in Andhra Pradesh, Jha said that this is new beginning in the sector. He expressed faith that NTPC will soon be a leader in the solar sector like thermal. “ For this we all need to work harder and faster to achieve our goals to be the best power producer in the World,” Jha said.
Appreciating the contribution of every member of NTPC family NTPC Chief said that performance of each player matters for success of any team. The raising day celebrations was attended by UP Pani, Director(HR), K Biswal Director(Finance) and KK Sharma, Director(Operations).
Speaking on the recent successes of the company, Jha said our financial results have been good with improved generation. The process of reallocation of coal blocks is also complete and MDO has been appointed for Pakhri Barwadih Coal Mine. He lauded the Vindhaychal team for commencement of timely commercial operations of 500 MW of Unit 13.
Talking of use and introduction of new technologies he said that the first 800MW ultra super critical unit at Kudgi is expected to come on stream this financial year. Other segments include solar thermal with storage for which NTPC’s research arm NETRA is collaborating with IIT Bombay, use of flue gas for water treatment and air cooling, carbon capture and introducing solar cooking in all NTPC canteens.