Thursday 23rd May 2024

NHPC hosts 43rd Annual General Meeting

Sep 24th, 2019 3:08 pm | By | Category: SPECIAL NEWS COVERAGE

NHPC Limited, hosted its 43rd Annual General Meeting (AGM) at Faridabad on 23rd September 2019. Balraj Joshi, CMD, NHPC addressed the shareholders at the AGM wherein members of NHPC Board and Company Secretary, NHPC were also present.

While addressing the gathering, Balraj Joshi highlighted various achievements made by NHPC.Joshi informed that the Company had earned total revenue and revenue from operations (net) of Rs. 9,086 crore and Rs. 8,161 crore respectively during FY 2018-19. He also said that NHPC had achieved its highest ever annual generation of 24,193 Million Units (MUs) surpassing the previous highest generation of 23,404 MUs during financial year 2015-16. Balraj Joshi further informed that NHPC had been appointed as ‘Aggregator’ under Pilot Scheme-II by Ministry of Power for procurement of aggregated power of 2500 MW for three years through the nodal agency ‘PFC Consultancy Limited’. The Company has also received CCEA approval for incurring expenditure on pre-investment activities and various clearances for Dibang Multipurpose Project (2880 MW) in Arunachal Pradesh for an amount of Rs. 1,600 crore.

Balraj Joshi also said that National Company Law Tribunal (NCLT) has accepted the resolution plan submitted for Lanco Teesta Hydro Power Limited (LTHPL), the developer of Teesta-VI HE Project (500 MW) in Sikkim. Further, the Principal bench of Hon’ble NGT has upheld the constitution of expert committee constituted by MOEF & CC for Subansiri Lower HE Project (2000 MW).

During the AGM, representative of Joint Statutory Auditors was also present. Various queries of members regarding performance of the Company were also addressed at the AGM.

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