Hydropower development is a key component in Govt. of India’s plans of providing clean, reliable and affordable power in the country. In view of abundant untapped hydropower potential available indigenously, it has been given appreciable share in the capacity addition programmes by the Govt of India. NHPC being a premier Central Sector organization in hydropower sector has an important role to play. NHPC after its inception in 1975 with an initial share capital of about Rs 200 Crs, over a period of 34 years, has grown into an organization with authorized share capital of Rs 15000 crs. NHPC has since been conferred with ‘Mini-Ratna’ status and accordingly the powers of the Board have been enhanced. After having become a listed company on NSE and BSE w.e.f 1st September, 2009, NHPC has assumed even greater responsibility and accountability not only to the Govt of India but also to the investor community after the IPO, which calls for heightened levels of transparency and corporate governance. With a view to further streamline functioning of the organization in line with the enhanced expectations of various stakeholders, it is necessary to delegate more powers to functional levels for quicker decision making and effective project management.
As part of new strategy, the powers sub-delegated by the undersigned at various levels in the organization have been revisited and revised to ensure greater operational flexibility and faster decision making. The last delegation of Powers was revised w.e.f 1st October, 2008.
I am sure that the revised DOP shall further help its users in discharging their duties more effectively.
The revised DOP will come into force with immediate effect.
Place : Faridabad
Date : 22nd March, 2010
(S.K. Garg)
Chairman & Managing Director
NHPC Limited