NHPC Ltd signs MoU with ministry of power for FY18

NHPC Limited, India's premier hydropower utility and a Schedule 'A' Mini Ratna Enterprise of the Government of India signed Memorandum of Understanding (MoU) on Tuesday with Ministry of Power, Government of India for the year 2017-18.

The MoU was signed by Pradeep Kumar Pujari, Secretary, Ministry of Power, Government of India and K M Singh, CMD, NHPC in the presence of senior dignitaries from MOP and NHPC. In the signed MoU for NHPC, generation target under excellent rating has been set as 24000 Million Units as against last year target of 23500 MU. Excellent Targets for Revenue from Operations has been kept as Rs.7350 crores, Operating Profit as a

Further to ensure optimum utilization of budget CAPEX programme of NHPC has been assigned 10% weightage in the MoU. Targets regarding Plant Availability Factor, Forced Outage, and Reduction in outstanding claims, Trade Receivables, Dividend/PAT, etc. have been included in the MoU.