NTPC, India's major power generation company, intends to more than double its power generation capacity by fiscal 2017.
At present, the conglomerate is having 30,000 MW capacity.

The sources informed that with this capacity expansion plan, the PSU wants to diversify further into renewable and nuclear energy.

Hydro, nuclear and renewable energy sources would contribute 12,000 MW of the targeted capacity addition.

As per sources, NTPC has set a target of establishing hydro power capacity of 9,000 MW, nuclear power capacity of 2000 MW, renewable energy of 1,000, MW by fiscal 2017.

The company has also set capex of Rs 17,700 crore during the current financial year (2009-10).

As per media reports, the company is also scouting for opportunities to purchase coal mines abroad for securing the fuel supply, especially in Indonesia, Mozambique and South Africa.