NTPC is facing hurdles in achieving its capex targets for the current fiscal. It may be remembered here that NTPC had spent 98.16% of the capex target during the first three quarters of this fiscal and needs to spend Rs. 9,911 crore in the last quarter. But every passing day, NTPC has realized that the going is tough and achieving the capex target is an uphill task.
NTPC’s main worry is the delay in the mining operations in the State of Jharkhand and the company has sought the state government’s support and direction to enable it in mining coal from Parki-Barwadih, Chatti-Bariatu and Kernadari mines in the state. NTPC is facing several issues affecting the mining projects like compensation to persons occupying government land, the unauthorized occupation of some forest land and finalization of compensation for people cultivating government land not covered by the present dispensation in Jharkhand. Unless these issues are sorted out immediately, not only NTPC will be able to meet its capex target but also deadline of some of the projects like Barh Supercritical thermal power project will be missed.