NHPC Signs MoU with Ministry of Power for the year 2019-20

NHPC Signs MoU with Ministry of Power for the year 2019-20

NHPC Limited, India’s premier hydropower utility and a Scheduled ‘A’ Mini Ratna Enterprise of the Government of India has signed Memorandum of Understanding (MoU) on 26.06.2019 with Ministry of Power, Government of India for the year 2019-20. The MoU was signed by Shri Ajay Kumar Bhalla, Secretary, Ministry of Power, Government of India and Shri Balraj Joshi, CMD, NHPC in the presence of senior officers from MOP and NHPC.

In the signed MoU for NHPC, generation target under excellent rating has been set as 26000 MU as against last year target of 25400 MU. Excellent Targets for Revenue from Operations (Net) has been kept as Rs. 8200 crores, Operating Profit as a percentage of Revenue from Operations (Net) has been kept as 28.50% and PAT/ Average Net Worth has been kept as 8.75 %.

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