NHPC SIGNS MoU WITH MINISTRY OF POWER FOR THE YEAR 2019-20

Sarkaritel
By Sarkaritel June 26, 2019 18:01

NHPC SIGNS MoU WITH MINISTRY OF POWER FOR  THE YEAR 2019-20


New Delhi, June 26 NHPC Limited, India’s premier hydropower utility and a Scheduled ‘A’ Mini Ratna Enterprise of the Government of India has signed Memorandum of Understanding (MoU) on 26.06.2019 with Ministry of Power, Government of India for the year 2019-20. The MoU was signed by Shri Ajay Kumar Bhalla, Secretary, Ministry of Power, Government of India and Shri Balraj Joshi, CMD, NHPC in the presence of senior officers from MOP and NHPC.

In the signed MoU for NHPC, generation target under excellent rating has been set as 26000 MU as against last year target of 25400 MU. Excellent Targets for Revenue from Operations (Net) has been kept as Rs. 8200 crores, Operating Profit as a percentage of Revenue from Operations (Net) has been kept as 28.50% and PAT/ Average Net Worth has been kept as 8.75 %.

Further, Capex target to ensure optimum utilization of budget, targets regarding Plant Availability Factor, Trade Receivables and Reduction in claims against the company not acknowledged as debt etc. have been included in the MoU.

In addition, milestones in respect of Human Resource Management parameters and other sector specific parameters viz. reduction in O&M expenses over 2018-19 etc. have also been included in the MoU.

Sarkaritel
By Sarkaritel June 26, 2019 18:01