NHPC signs MoU with Ministry of Power for FY21
30th Sep 2020

NHPC has signed a Memorandum of Understanding (MoU) with the Ministry of Power, Government of India for 2020-21. In the signed MoU for NHPC, generation target under 'excellent' rating has been set as 27,500 MUs as against last year target of 26,000 MUs. Excellent targets for revenue from operations (Net) has been kept as Rs 8,900 crore, operating profit as a percentage of revenue from operations (Net) has been kept as 38 percent.

Further, Capex target to ensure optimum utilization of budget, targets regarding Trade Receivables, Reduction in claims against the company not acknowledged as debt over the previous year on an overall basis, and Percentage of Procurement of goods and service through the GeM portal to total procurement of goods and services during the previous year, etc. have been included in the MoU.

NHPC is India's premier hydropower company.