Tuesday, March 23, 2010

India's NTPC to import 14Mt of coal during 2010/11

India's top power utility, NTPC Ltd, is expected to import 14 Mt of coal in the coming financial year 2010/11. "This financial year our target was to import 12.5 Mt, out of which we have imported only 5-6 Mt so far," R.S. Sharma, chairman of NTPC, told Reuters.

The 14 Mt target for the next fiscal year will include a spillover of 8-9 Mt from some of the orders placed in the current financial year, Sharma added. India's coal requirement is growing on the back of the power sector that is seeing expansions year on year owing to a 12.6% power deficit.

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