NHDC signs MoU with NHPC for the financial year 2018-19


Chronicle Reporter, Bhopal NHDC Limited, a Joint Venture of NHPC Limited and Government of Madhya Pradesh, has signed Memorandum of Understanding (MoU) for the financial year 2018-19 at Faridabad on 19.04.2018 with NHPC Limited, India’s Premier Hydropower utility and a Scheduled ‘A’ Mini Ratna Enterprise of the Government of India. The MoU was signed by Balraj Joshi, Chairman and Managing Director (CMD), NHPC and A.G. Ansari, Managing Director & CED, NHDC. In the signed MoU for NHDC, Generation Target for FY 2018-19 under ‘Excellent’ rating has been set as 3000 MU against last year FY 2017-18 actual generation of 1325 MU. Excellent Target for Revenue from Operations is set as Rs.860 Crore. In addition to above, Operating Profit, Trade Receivables, PAT/Average Net Worth, Reduction in Claims against the Company, HRM related parameters, Technology up-gradation parameter and other sector specific parameter have also been included. NHDC Limited, incorporated in the year 2000, is the largest Hydropower producing Company in the State of Madhya Pradesh having its 2 Projects - 1000 MW Indira Sagar Project and 520 MW Omkareshwar Project.