Excelsior Correspondent
JAMMU, Mar 27: NHPC Limited, India’s premier hydropower utility and a Scheduled ‘A’ Mini Ratna Enterprise of the Government of India have signed Memorandum of Understanding (MoU) with Ministry of Power, Government of India for the year 2014-15.
The MoU was signed by Pradeep Kumar Sinha, Secretary, Ministry of Power, Government of India and G Sai Prasad, CMD, NHPC in presence of senior dignitaries from MOP and NHPC.
In the signed MoU for NHPC, generation target under excellent rating has been set as 21800 MU and very good target as 21124 MU. Sales Turnover has been kept as Rs 5550 crore under excellent target and Rs 5380 crore under very good target. Targets for gross sales in MoU 2013-14 were Rs 5410 crore and Rs 5214 crore under excellent and very good targets respectively.
In addition, targets regarding Risk Management, Quality Certification, Project Implementation Parameters for on-going Projects etc, have also been included under dynamic parameters.
Targets in respect of Research and Development, Human Resource Management, Corporate Social Responsibility and Sustainability Rural Electrification Works under RGGVY have also been included in the MoU 2014-15. Further, to ensure optimum utilization of budget CAPEX programme, NHPC has been assigned 1 per cent weightage under Project Management and Implementation parameters in the MoU 2014-15.
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