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| NHPC signs MOU with Ministry of Power | | | EARLY TIMES REPORT
Jammu, Mar 28: NHPC Limited has signed Memorandum of Understanding (MOU) with the Ministry of Power, Government of India for the year 2011-12 as a commitment to the Government of India to achieve targets for various financial, dynamic, sector specific and enterprise specific parameters.
The MOU was signed on 25.03.2011 by P. Uma Shankar, Secretary (Power), Govt. of India and A.B.L. Srivastava, Chairman & Managing Director, NHPC in the presence of senior officers of the Ministry of Power and NHPC.
In order to achieve the excellent rating for 2011-12, a challenging target to generate 18500 Million Unit (MU) of energy has been set for the Company as against 18000 MU set for last year.
The gross sales has been kept as `3931.89 crore as against `3694.40 crore kept for corresponding previous year.
More weightage (50% of Project Implementation Parameters) has been assigned to projects getting commissioned in 2011-12 (Nimmo Bazgo, Chutak, Chamera-III & Uri – II) to ensure timely commissioning of these projects.
R&D has been assigned 5% of the total weightage. New parameters w.r.t. corporate governance & sustainable development initiatives with 5% weightage have also been incorporated in MOU 2011-12.
Milestones with respect to Research & Development, Human Resource Development, Project Implementation, electrification of villages & connection to BPL households under Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) and Corporate Social Responsibility etc. have also been included in the MOU.
NHPC has been signing Memorandum of Understanding with the Government of India every year since 1991-92.
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