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NHPC inks MoU with Ministry of Power for 2017-18

NHPC has signed a Memorandum of Understanding (MoU) with Ministry of Power, Government of India for the year 2017-18. As per the MoU, the generation target under excellent rating has been set as 24,000 Million Units (MU) as against last year target of 23,500 MU. Excellent Targets for Revenue from Operations has been kept as Rs 7,350 crore. The operating profit as a percentage of Revenue from Operations (Net) has been kept as 25.09% and PAT/ Average Net Worth has been kept as 7.15%. To ensure optimum utilization of budget CAPEX programme of NHPC has been assigned 10% weightage in the MoU 2017-18.

Further, targets regarding Plant Availability Factor, Forced Outage, and Reduction in outstanding claims, Trade Receivables, Dividend/PAT, etc. have been included in the MoU. Human Resource Management (HRM) related parameters have also been included with 10% weightage in the MoU.

NHPC is engaged in electricity generation. The company is engaged in electric power generation by hydroelectric power plants. The company is also engaged in contracts, project management and consultancy works.

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