New Delhi: Country's largest power producer NTPC expects to almost double investments for expansion activities at Rs 21,000 crore in the current fiscal. The state-run company had spent about Rs 11,000 crore in 2011-12.

"Our investment plan for this fiscal (2012-13) is Rs 20,900 crore. Last fiscal, it was around Rs 11,000 crore," NTPC Chairman and Managing Director Arup Roy Choudhury said.

NTPC, which has an installed generation capacity of 37,514 MW, is looking to increase the capacity in the coming years, especially with thermal power projects.

Against the backdrop of acute coal shortages impacting the power sector, NTPC might have reduce capacity addition target for the 12th Five-Year Plan to little more than 50,000 MW from earlier target of 65,000 MW.

Regarding the company's long term strategy in terms of competitive bidding for power projects, Choudhury said that NTPC would always give a bid which is doable.

"We will closely see whether all the ends are tied up. Land should be there, the clearances should be there. Nothing happens half heartedly," he noted.

Meanwhile, NTPC is likely to import about 14 million tonnes coal this financial year. This would be much higher than 12 million tonnes imported in 2011-12.

NTPC posted nearly five per cent increase in consolidated net profit at Rs 9,814.66 crore for the year ended March 2012.

(Agencies)

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