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Home News Power Sector News NHPC gets CEA concurrence for Tawang projects

NHPC gets CEA concurrence for Tawang projects

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NHPCThe National Hydroelectric Power Corporation (NHPC) has obtained CEA ( Central Elelctricty Authority)'s concurrence for the 600MW Tawang-I and the 800MW Tawang-II projects in Arunachal Pradesh. Environment clearances have also been accorded by the Union environment and forest ministry for both these projects, a statement said on 03-06-2012.

 The communique also informed that the corporation has achieved its highest ever net profit of Rs 2771.77 crore during the year 2011-12 - a 27.93% increase over the previous year. It registered sales of Rs 5509.65 crore against Rs 4,046.59 crore last year.

Stating that the Corporation achieved cumulative sales realization of Rs 4,415 crore against Rs 3,619 crore last year, the statement said it generated 18,683 million units (MUs) against a target of 18,500. In 2010-11, the corporation had achieved a generation of 18,606 MU. NHPC has proposed a final dividend of 70 paise for financial year 2011-12. However, it paid a dividend of Rs 738.04 crore to shareholders at the rate of 60 paise per equity share, including Rs 637.40 crore to the Government of India, for 2010-11.

The statement added that the Centre has conveyed its approval for change in object (clause 1a) of Memorandum of Association of NHPC which inter-alia allows the corporation to plan, promote and organize an integrated and efficient development of power in all its aspects through conventional and non-conventional sources in India and abroad.

NHPC has undertaken a number of community development initiatives under CSR and spent about Rs10 crore for this purpose during 2011-12. Major activities included skill development/vocational training programs, training for self-employment, adoption of ITIs, distribution of scholarships to SC/ST students, organizing health camps, constructing toilets for women etc, the statement added.

Source- TOI


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