NTPC may borrow Rs 16,000 crore to add 6,900 MW by March 2019

NTPC has planned capital expenditure of Rs 23,000 crore for 2018-19, which includes both debt and equity, essentially for capacity addition through the greenfield route.

However, this capital expenditure does not include the investment that may be required for other projects that the company is looking to acquire either from state utilities or stressed assets, tenders for which have been floated.

This fiscal, NTPC's capital expenditure is Rs 28,000 crore. Last fiscal, the capex was Rs 30,000 crore.

The company is counting on potential growth of power demand in the coming days with the government's focus on a higher economic growth of around 8 percent. NTPC intends to have the largest share of new capacities.

On capacity addition through the non-fossil fuel route, the source said NTPC will have the largest share of renewable capacities along with conventional ones.

NTPC is ramping up the share of renewables, especially solar, in its energy mix. Currently, renewables account for roughly 2 percent of its total energy portfolio.

NTPC plans to improve this scenario and has therefore set a renewables target of 32 GW by 2032.

In fact, the company is also adding capacities by way of its joint ventures and the same have not been included in the capex plans.