Thursday, January 13, 2011

NTPC India Makes Initiatives to Install Renewable Energy Projects in Maldives

NTPC, the government owned power company of India, is engaged in talks with the Maldivian government to set up renewable energy projects in Male, the capital city of the country. The company has plans to conduct feasibility studies to understand the power generation potential of the country before initiating the projects.

The Indian government considers Maldives, which lay south-west of India, as an important country to maintain the security of the country. Maldives has a population of around 320,000, living all over the 1,192 coral islands of the country.

NTPC occupies the 317th ranking the in the Forbes Global 2000 companies list and generates 33,194 MW power every year. The company has plans to double its power generation to achieve 75,000 MW by 2017. Recently, the company has unveiled its plans to produce 35,840 MW by utilizing non-fossil fuel sources and achieve 70% of its total power generation from renewable energy sources by the year 2032. The company presently produces most of its power utilizing coal. The company has plans to install 1,000 MW power generation capabilities by 2017 from renewable energy sources such as geothermal, wind, solar and small hydro power generation plants.

Earlier NTPC had constructed a 500 MW power project in Sri Lanka and the project was delayed by four years due to variances in financial agreements and internal squabble of the country. Its unsuccessful attempts in overseas countries include securing of coal mines in Africa and gas supply positions in Yemen and Nigeria.


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