State-run power producer NTPC has set a capital expenditure target of Rs 30,000 crore for the current fiscal year and said it will generate 3% more electricity over the last year.
The company has signed a memorandum of understanding (MoU) with the government, as per which it will strive to generate 248 billion units during 2016-17 to be rated under the ‘excellent’ category, a statement said. Parameters related to operational efficiency, project monitoring and financial performance are also part of the MoU.
NTPC produced 241.975 billion units of electricity in 2015-16.
The company has an installed capacity of 47,178 MW through 18 coal-based, seven gas-based, one hydro and nine renewable energy projects in addition to nine projects in joint venture with various entities.
