Is resource constraint the cause of projects being delayed or deferred?
In 1992, NTPC had projects but no money since the World Bank declined to fund the projects saying that NTPC was financially not healthy. All other foreign multilateral bodies followed suit. Then we decided to supply electricity only against payments and we were successful to improve our internal resources; We were able to to renegotiate the World Bank loan. Subsequently, we got favourable response from Asian Development Bank, OECF for funding our projects. However, during the time of resource crunch, we were forced to give back some of the projects to the states for implementation and execution: Yamunanagar was handed back to Haryana; Neyveli to Orissa; Mangalore project was given back to Karnataka; Kayamkulam to Kerala. With internal resource generation at Rs 2,514 crore, NTPC, today, is very well placed to take up projects. And, we are taking back some of the projects for implementation – for example Kayamkulam which we are implementing with aid from the World Bank. As a matter of fa
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