NTPC to raise Rs 9 bn thru global bonds

National Thermal Power Corporation (NTPC) is planning to raise Rs 900 crore through international bonds for financing some of its projects, according to its Chairman and Managing Director, Mr C.P Jain. He was speaking to reporters after participating in a function in the Simhadri power plant at Parawada near Visakhapatnam on Monday (Feb 09 2004). It was arranged to mark the dedication of the 1,000-MW plant to the nation from New Delhi by the Prime Minister. Mr Jain said NTPC was planning to enhance its installed capacity to 56,000 MW by 2017 from the present 21,247 MW and roughly Rs 1,50,000 crore would be required for the future projects. NTPC would meet 30 per cent of it out of internal resources and the rest through commercial borrow.....