NTPC signs pact with Power Ministry to strengthen operations

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New Delhi, May 28 (UNI) Power company NTPC on Tuesday signed a Memorandum of Understanding (MoU) with the Power Ministry in order to strengthen operations for 2019-20.

NTPC has kept key targets as Rs 20,000 crore for capital expenditure and generate 310 billion units (BU) of electricity under excellent category. The corporation would also ensure 10.4 million metric tonnes of coal production in a bid to strengthen fuel supply to its power stations.

The company is committed to enhancing operational efficiency and simultaneously aiming to increase its revenue by 12 per cent by employing measures to strengthen financial performance for the year 2019-20.

The MoU was signed by Gurdeep Singh, Chairman and Managing Director, NTPC Ltd and Ajay Kumar Bhalla, Secretary, Ministry of Power.

As part of MoU, company shall ensure operational efficiency and incorporate measures to ensure upgradation of relevant technological parameters in line with Central Public Sector Enterprise (CPSE) Conclave, in addition to continuous project monitoring and human resource management across its project sites.

With a mission to provide reliable power and related solutions in an economical, efficient and environment-friendly manner, driven by innovation and agility, NTPC consistently works towards accelerating power development in India.

NTPC group recorded a gross generation of 305.90 BU during 2018-19, as against 294.27 BU in the previous year thereby registering an increasing of 3.95 per cent. NTPC has an installed capacity of 55,125 MW.

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