Public sector power generation major NTPC has reportedly lined up funding of nearly Rs220bn from Power Finance Corporation (PFC), LIC, domestic banks and financial institutions to fund its capital expenditure for the current fiscal year.

The company, with all its subsidiaries and JVs, will have a total capital outlay of around Rs 245.25bn during the year to finance power generation projects, coal mining business, renovation and modernisation activity, reports a financial newspaper, NTPC chairman R.S. Sharma has been quoted as saying. On a standalone basis, NTPC would invest Rs177bn this year.

NTPC, with its JVs and subsidiaries will add 3300 MW during FY10. The company will commission four power projects this year - Sipat Stage I (2x660 MW), Dadri Stage II (2x490 MW), Kahalgaon Stage II and Korba Stage-III, 500 MW each.