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Highlights
Annual Review
Highlights

June 2010
Unit-I & III of 120 MW (3x40MW) Sewa-II Project, Jammu & Kashmir have been put on commercial operation w.e.f. 29.06.2010 and 02.07.2010 respectively. The last unit is likely to be put on commercial operation shortly
The Parliamentary Standing Committee on Energy made a study visit to Guwahati from 3rd to 4th June 2010. The Committee held a meeting with the officials from MOP and NHPC on 04.06.2010 where a detailed presentation on Indian hydro power scenario and NHPC’s role in hydro development in India with capacity addition plans during the XI and XII five year plans was also made. The Committee appreciated the efforts of NHPC in executing hydropower projects under challenging and adverse conditions.
CMD NHPC had a meeting with Hon’ble Chief Minister of Uttarakhand on 10.06.2010 at Dehradun. During the meeting, various issues of mutual interest regarding NHPC’s role in hydropower development in the State were discussed
The Parliamentary Committee on Public Undertakings (CoPU) held meeting on 14.06.2010 at Srinagar, J&K and discussed Corporate Governance in NHPC. Detailed presentation made by NHPC was quite appreciated by CoPU
Hon’ble Union Minister of State for Power visited Bhubaneshwar and Patna on 19.06.2010 and 30.06.2010 for review of the progress of rural electrification works under RGGVY in the States of Orissa and Bihar respectively
Ministry of Power, Government of India has designated NHPC as the executing agency for 1200 MW Tamanthi and 642 MW Shwezaye Hydroelectric Projects in Myanmar. With this, NHPC is poised for a major hydropower development assignment in the international arena
Revised DPR of Tawang Project Stage-I (600 MW) in Arunachal Pradesh has been submitted to CEA for concurrence on 04.06.2010
World Environment Day was celebrated on 07.06.2010 at Corporate Office and various units of NHPC.
NHPC has been awarded “FE-EVI Green Business Leadership Award” in Power Category for the best performance in green initiatives towards Climate Change. The award is based on ‘green business’ survey conducted by Financial Express & Emergent Ventures India along with the Indian School of Business, Hyderabad
May 2010
The progress of construction activities at Parbati-II & III projects were reviewed separately during CMD’s visit to the Project along with Director (Technical) and two Independent Directors on 27/28.05.2010
Central Electricity Authority has accorded Techno-economic clearance for the 520 MW Teesta Stage- IV HE Project in Sikkim on 13.05.2010
Revised DPR of 800 MW Tawang Stage-II HE Project in Arunachal Pradesh has been submitted on 21.05.2010 to Central Electricity Authority for concurrence
With the rollout of ERP at projects and power stations, preparation of pay roll has been centralized from Corporate Office, covering over 11000 employees
Shri Sushilkumar Shinde, Hon’ble Union Minister of Power visited our 800 MW Parbati-II Hydroelectric Project on 11.05.2010. During his visit, Hon’ble Minister appreciated the efforts of NHPC in carrying out the construction activities at such difficult location and advised to commission the project at the earliest
NHPC power stations generated 16960 MUs of electricity despite a weak monsoon as compared to 16690 MUs generated during 2008-09. High sales realization of Rs.3603.93 crore was achieved in this year as against Rs.2420.36 crore in the previous year
NHPC has registered highest ever net-profit (after tax) of Rs. 2,090.50 crore and all time high sales turnover of Rs. 4218.90 crore against Rs. 1075.22 crore and Rs. 2671.85 crore respectively during 2008-09
Performance Highlights 2009-10
NHPC launched its IPO (Initial Public Offer) in August 2009 which was oversubscribed by almost 24 times with bid of more than Rs. 1,40,000 crore and more than 13 lakh applications. After successful conclusion of its IPO, NHPC became a listed company on both NSE & BSE w.e.f. 1st September 2009.
Generated 16960 Million Units (MUs) against the target of 16381 million units for “Very Good” MoU rating, despite a weak monsoon during the year.
Achieved 84% Plant Availability Factor (PAF) for the operating Power Stations against the MoU target of 80% for “Excellent” rating.
Shri Sushilkumar Shinde, Hon’ble Union Minister of Power dedicated NHPC’s 510 MW Teesta Stage-V Power Station in Sikkim to the Nation.
Shri Sushilkumar Shinde, Hon’ble Union Minister of Power dedicated the 520 MW Omkareshwar Hydroelectric Project of NHDC - a Joint Venture of NHPC and Government of Madhya Pradesh to the Nation.
Incorporated a Joint Venture Company viz. “Loktak Downstream Hydroelectric Corporation Limited” for execution of the 66 MW Loktak Downstream Project in Manipur with a share holding of 74 % by NHPC and 26 % by Government of Manipur.
Signed MoU with SJVN Limited and Govt. of Manipur for formation of a Joint Venture Company for implementation of the 1500 MW Tipaimukh Hydroelectric (Multipurpose) Project in Manipur. NHPC, SJVNL and Govt. of Manipur shall have a share holding of 69%, 26% and 5% respectively.
Signed Agreement with Royal Government of Bhutan for providing engineering & consultancy services for the pre-construction activities of Mangdechhu Hydroelectric Project (720 MW) in Bhutan.
Signed Agreements for preparation of DPRs of Chamkharchhu-I (670 MW) and Kuri-Gongri (1800 MW) H.E. Projects in Bhutan with the Royal Government of Bhutan.
Signed Agreements for taking up Additional Investigations and Preparation of Updated Detailed Project Reports for 1200 MW Tamanthi H.E. Project and 642 MW Shwezaye H.E. Project in Myanmar as consultancy assignments.
• Signed implementation agreement with Govt. of Arunachal Pradesh for India’s largest hydroelectric project, the 2000 MW Subansiri Lower project.
Signed MoU with M/s Transparency International India for implementation of “Integrity Pact”.
Submitted DPRs of 600 MW Tawang-I & 800 MW Tawang-II in Arunachal Pradesh and 520 MW Teesta-IV in Sikkim to CEA for concurrence. CEA has accorded concurrence for Teesta-IV Project on 13th May 2010.
Received Environmental clearance for preconstruction activities for Teesta-IV (520 MW), Dibang Multipurpose Project (3000 MW) and Kwar (520 MW).
Teesta-V Power Station of NHPC has been successfully validated under Voluntary Emission Reduction scheme.
Completed implementation of Enterprise Resource Planning (ERP) software solution within the organization to efficiently manage the optimum utilization of generating assets and expeditious implementation construction projects.
Adopted 08 more ITIs (4 in J&K, 3 in Uttarakhand and 1 in Arunachal Pradesh) under National Skill Development Mission in addition to the 03 ITIs adopted earlier.
98.22% of the employees relating to Operation & Maintenance of Power Stations trained during 2009-10 against the MoU target of 95% for excellent rating.
Electrified 2700 villages and provided electricity connections to 6 lakh BPL families under Rajeev Gandhi Gramin Vidyutikaran Yojana.
Achieved all time high sales realization of Rs 3,603.93 crore which is 48.90% more than the previous year’s realization of Rs 2,420.36 crore.
Achieved an all time high sales turnover of Rs 4,218.90 crore which is 57.90% higher than the last year sales turnover of Rs 2,671.85 crore.
Achieved highest ever Net Profit after Tax of Rs 2,090.50 crore which is 94.43% higher than the net profit after Tax of Rs. 1,075.22 crore earned during 2008-09.
April 2010
A keynote address was delivered by the CMD NHPC Limited at the 5th Hydro Power Convention-” Harnessing Hydropower in Northeast for Progress” organized by India-Tech Foundation during 9-10 April, 2010 at Tawang, Arunachal Pradesh where Hon’ble Union Minister of State for Power, Shri Bharatsinh Solanki was the Chief Guest
Tanakpur Power Station has been selected for the “9th Annual Greentech Safety Award in Gold category in Hydro Power Sector” by the Greentech Foundation, New Delhi for implementing best practices in the field of fire and safety at power station.
Power Minister’s Conference chaired by Shri Sushilkumar Shinde, Hon’ble Union MoP was held at New Delhi on 28.04.2010. The conference was attended by Hon’ble Union Minister of State for Power, Shri Bharatsinh Solanki the conference was also attended by Deputy Chairman of Planning Commission, Hon’ble Chief Ministers of States and other dignitaries.
During the conference, critical issues related to generation capacity addition, open access, unbundling of SEB’s, RGGVY, Re-structured APDRP, Energy Efficiency, Development of Transmission and Sub-transmission in State Sector and Issues of IPPs were discussed and deliberated upon at length.
Memorandum of Understanding (MoU) has been signed amongst NHPC Limited, SJVN Limited and Govt. of Manipur for formation of a Joint Venture Company for implementation of 1500 MW Tipaimukh Hydroelectric (Multipurpose) Project in Manipur with share holding of 69%, 26% and 5% respectively. The MoU was signed by CMD NHPC Limited, Shri H.K.Sharma, CMD, SJVN Limited and Shri L.P.Gonmei, Principal Secretary (Power), Govt. of Manipur on 28.04.2010 at New Delhi.
The project, with an estimated cost of Rs. 8139 Crs. at September 2008 PL , would annually generate 3806 MUs of power and is scheduled to be completed in a period of 87 months from the CCEA approval date.
March 2010
NHPC has signed Memorandum of Understanding (MoU) for the year 2010-11 with Ministry of Power, Government of India on 13.03.2010.
An ambitious target to generate 18000 MUs has been set for the Company as against 17200 MUs set for the previous year. Target has also been set in the MoU to add new generating capacity of 692 MW through five projects. The MoU was signed by Shri Harishankar Brahma, Secretary (Power), Government of India and Shri. S.K. Garg, CMD, NHPC in the presence of senior officers of the Ministry of Power and NHPC.
NHPC has signed agreement with Department of Energy, Royal Government of Bhutan for providing engineering & consultancy services pertaining to pre-construction activities of Mangdechhu Hydroelectric Project (720 MW ) in Bhutan.
The Agreement was signed by Shri. S.K. Garg, CMD, NHPC and Mr. Yeshi Wangdi, Director General, Department of Energy, Royal Government of Bhutan in the presence of Shri Sushilkumar Shinde, Hon’ble Union Minister of Power and Mr. Lyonpo Khandu Wangchuk, Hon’ble Minister, Ministry of Economic Affairs, Royal Government of Bhutan on 23.03.2010 at New Delhi.
Shri. S.K. Garg, CMD, NHPC had a meeting with Dr. Farooq Abdullah, Hon’ble Union Minister for New and Renewable Energy on 29.03.2010 at New Delhi and held discussions regarding NHPC’s role in development of renewable sources of energy especially in Jammu & Kashmir.
During the month of March 2010, the Power Stations of NHPC together generated 1153 MUs of energy against the target of 984 MUs. The cumulative generation for the year is 16960 MUs against the annual MoU excellent target of 17200 MUs, despite a weak monsoon during 2009-10.
Teesta-V power station (510 MW) has been successfully validated under Voluntary Emission Reduction (VER) scheme of Clean Development Mechanism (CDM).
February 2010
CMD, NHPC has been conferred with ‘Lifetime Achievement Award’ in the area of Management and Administration’ by The Global Open University, Nagaland. The award was presented by Dr. Priya Ranjan Trivedi, Pro-Chancellor and Plenipotentiary of the University on 05.02.2010.
As a part of delegation led by Shri Sushilkumar Shinde, Hon’ble Union Minister of Power, CMD, NHPC met Mr. Matti Taneli Vanhanen, Hon’ble Prime Minister of Republic of Finland on 05.02.2010 during his visit to India and discussed issues of mutual interest in the field of power sector.
Government of Jammu & Kashmir has accorded approval for signing of Promoters agreement for execution of 1000 MW Pakul Dul and two other hydroelectric projects with aggregate installed capacity of about 2100 MW in Chenab River Basin through a joint venture company namely “Chenab Valley Power Projects (Pvt.) Limited”. The Promoters Agreement will be signed after obtaining approval from the Govt. of India.
CMD, NHPC along with Joint Secretary (Hydro), MOP, other dignitaries and senior officials attended a high level meeting with Hon’ble Chief Minister of Manipur, Shri O. Ibobi Singh on 10.02.2010 at Imphal to finalize the MoU for formation of JVC for implementation of 1500 MW Tipaimukh Hydroelectric Multipurpose Project. After deliberation, the MoU was initialed and likely to be formally signed this month.
January 2010
NHPC hosted the 14th Bridge and 15th Chess Tournaments under the aegis of the Power Sports Control Board from 6th to 8th January 2010 at Faridabad. NHPC team secured first position in the Bridge tournament.CEA team was the winner in the chess tournament.
NHPC’s tableaux on hydropower was selected on behalf of Ministry of Power, Government of India for showcasing the role of hydropower in sustainable development with the theme “Energising India with Hydropower” at the 61st Republic Day Parade in New Delhi.
Government of Madhya Pradesh has offered NHDC for setting up of 1320 MW Shahpura Thermal Power Project in Jabalpur district, Madhya Pradesh for which NHDC has given its consent.
NHPC has signed agreement with Ministry of External Affairs, Government of India on 08.01.2010 for taking up additional investigations and preparation of updated detailed project reports for 1200MW Tamanthi H.E. Project and 642 MW Shwezaye H.E. Project in Myanmar as consultancy assignments.
The Board of Directors in its meeting held on 29.01.2010 has adopted the unaudited financial results for the nine months ended 31.12.2009 which have been reviewed by Statutory Auditors. The Company has registered its highest ever profit after tax of about Rs.1700 crore and gross sales turnover of about Rs.3580 crore as against Rs.1047crore and Rs. 2235 crore respectively for the corresponding period last year.
NHPC has signed implementation agreement of Subansiri Lower Project (2000 MW) with Government of Arunachal Pradesh on 27th January, 2010 at Itanagar. The agreement was signed by Shri Tumke Bagra, Secretary (Power), Government of Arunachal Pradesh and CMD, NHPC in the august presence of Shri Dorjee Khandu, Hon’ble Chief Minister of Arunachal Pradesh and other dignitaries & senior officials
Performance Highlights 2008-09
President of India conferred NHDC (a subsidiary of NHPC) with a Gold Shield for early commissioning of 520 MW Omkareshwar Project at the National Award Function for Meritorious performance in Power Sector. Highest ever dividend of Rs. 50.42 crore received from NHDC.
Achieved highest ever net Profit of Rs. 1,050 crore (provisional) which is 4.6% higher than the net profit of Rs. 1,004 crore earned during 2007-08.
Achieved an all time high sales turnover of Rs. 2,562 crore (provisional) as against Rs. 2,301 crore during the previous year, thereby registering an increase of 11.3%.
Achieved realization of Rs. 2,420.36 crore (99.69%) against actual billing of Rs. 2,427.98 crore.
Incurred Capital expenditure of Rs. 3,678 crore against Rs. 2,568 crore in previous year i.e. growth of 43%.
Enjoys highest credit rating i.e. AAA for domestic borrowings from M/s Fitch and BBB- for external borrowings both from M/s Fitch and M/s S&P which is equivalent to Sovereign rating.
NHPC has planned a Capex of Rs. 21,600 crore for XI plan.
Generated 16690 Million Units electricity against 14813 Million Units generated during previous year, thereby registering an increase of 12.69 %.
Updated Draft Red Herring Prospectus filed with SEBI during August 2008 and SEBI clearance received on 18.9.2008. The IPO has been deferred due to adverse market conditions.
The Power Stations achieved a Capacity Index of 93.61% against the MoU target of 92.50%.
Poised to pay highest ever dividend.
The Company has commissioned two projects with aggregate installed capacity of 1030 MW (520 MW Omkareshwar in JV and 510 MW Teesta-V) during the current Five Year Plan. NHPC is the only Central Power sector Undertaking (CPSU) to add hydro capacity during this period.
NHPC is the only hydro power developer Public Sector Undertaking which has been conferred “Excellent” rating for MoU 2007-08 signed with Ministry of Power.
MOU has been signed amongst NHPC, JKSPDC and PTC to develop Pakal-Dul and other hydroelectric projects in the Chenab River Basin of J&K with aggregate installed capacity of 2100 MW through a Joint Venture Company.
MoU has been signed with the Union of Myanmar to study the master plan for hydro power development of Chindwin River Basin and for reviewing the DPRs of the 1200 MW Tamanthi Hydroelectric Project and the 642 MW Shwezaye Hydroelectric Project.
MoU signed amongst NHPC, NTPC, PFC and TCS to set up and operate Power Exchange at national level.
Prepared Detailed Project Report (DPR) of 720 MW Mangdechhu Hydroelectric Project in the Mangdechhu Basin, Bhutan for Department of Energy Royal Government of Bhutan and Ministry of External Affairs, India.
Preparation of DPRs for 670 MW Chamkharchhu-I and 1800 MW Kuri Gongri Projects under Indo-Bhutan Cooperation in hydro power sector.
Recommendation of PIB and Govt. sanction accorded for the 330 MW Kishanganga Project in Jammu & Kashmir.
Promoter’s agreement has been signed between NHPC and Government of Manipur for formation of Joint Venture Company for implementation of 66 MW Loktak Downstream Project in Manipur.
LOI has been received from WBREDA for execution of Durgaduani Mini Tidal Power Project (3.75 MW) - the first tidal power project to be executed in India.
Agreement has been signed amongst MEA, NHPC and BHEL for renovation, modernization and uprating of Varzob Hydro Power Plant-I (2x3.67 MW) in Tajikistan.
Signed MoU on 25.9.2008 with Andaman & Nicobar Administration for the work of “Raising the height of Dhanikhari Concrete Dam” in A&N Islands.
Agreement has been signed with JKSPDC for Operation & Maintenance of Baglihar Power Station in Jammu & Kashmir.
MoU has been signed with Government of Arunachal Pradesh for setting up NHPC College of Science, Technology, Arts & Commerce at Tawang at the cost of Rs. 110 crore.
Constructing India’s largest hydroelectric project, the 2000 MW Subansiri Lower Hydroelectric Project.
Implementing the 3000 MW Dibang Multipurpose Project in Arunachal Pradesh.
Meeting held with Orissa Hydropower Corporation for setting up a Joint Venture Company to develop hydroelectric Projects in Orissa and also to take up renovation and modernization of two units (2 x 37.5 MW) of Burla Power Station on river Mahanadi in Orissa.
Nimoo Bazgo (45 MW) and Chutak (44 MW) located in Jammu & Kashmir state have been registered by CDM Executive Board of United Nation Framework Convention on Climate Change (UNFCCC).
Subsidiary NHDC has been entrusted with setting up of a 1000 MW thermal power project by the Govt. of Madhya Pradesh.
Implementing Enterprise Resource Planning (ERP) across the organization.
Six Independent Directors have been appointed on NHPC Board.
Object clause has been changed from Hydro, Wind, Geothermal, Gas to Generation of power through conventional and non-conventional sources. However, in respect of thermal the works/projects are to be executed through its subsidiary NHDC.
Name of the Company has been changed from National Hydroelectric Power Corporation Ltd. to NHPC Limited and the Logo of the Company has also been changed.
NHPC has been conferred Mini Ratna status by the Government of India.