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Performance
Highlights during 2004 - 2005
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Registered
a net profit of Rs.684.58 crores as against Rs.621.38 crores, during
the previous fiscal. |
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An
all time high sales turnover of Rs.1668.27 crores as against
Rs.1414.43 crores during the year 2003-04. |
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Achieved
a capacity index of 95.28% in the Power Stations against the MOU
target of 94.50%. |
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Achieved
highest ever generation of 11286.43 million units as against MOU
target of 10800 million units. During the previous fiscal 2003-04,
Corporation generated 11045.52 million units.
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Re-affirmed
‘AAA’ rating by Fitch ratings for the domestic borrowing program
during the year 2004-05. |
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New
consultancy assignments amounting to Rs.52.42 crores have been
obtained against a target of Rs.11 crores. |
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Recommended
a dividend of Rs.140 crores out of which Rs.60 crores has already
been paid to Government of India for the financial year 2004-05. |
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During
the period the total bills raised to SEBs Rs.1634.74 crores.
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The
total sales realization achieved is Rs.1645.58 crores. |
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NHPC
signed agreement with LIC for Rs.6500 crores Line of Credit. |
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Achieved
excellent performance as per MOU rating since 1994-95.
Expecting excellent rating for the year 2004-05 also.
This will be the 11th consecutive year when NHPC
will be getting excellent rating. |
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Environmental
clearance accorded by MOEF to 5 projects viz 330 MW Kishanganga
Project (J&K), 240 MW Uri – II Project (J&K), 231 MW
Chamera – III Project (Himachal Pradesh), 160 MW Teesta Low Dam
Project – IV (West Bengal) and 1000 MW Siyom Project (Arunachal
Pradesh) with a total installed capacity of 1961 MW. |
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MOEF
accorded forest clearance in principle to 3 Projects viz. 160 MW
Teesta Low Dam Projects–IV (West Bengal), 231 MW Chamera – III
Project (Himachal Pradesh) and 520 MW Parbati – III Project (Himachal
Pradesh) with an aggregate capacity of 911 MW. |
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Formal
forest clearance accorded to 2000 MW Subansiri Lower Project in
Arunachal Pradesh. |
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Planning
Commission accorded in principle approval to 5 Projects viz. 240 MW
Uri – II Project (J&K), 45 MW Nimmo Bazgo Project (J&K),
44 MW Chutak Project (J&K), 240 MW Kotli Behl 1-A (Uttaranchal)
and 280 MW Kotli Behl 1-B (Uttaranchal) with an installed capacity
of 609 MW. |
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Planning
Commission accorded in principle approval for formation of joint
venture between NHPC and Govt. of West Bengal for execution of
Purlia Pumped Storage Scheme. |
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NHPC
was assigned the work pertaining to 1200 MW Tamanthi Hydroelectric
Project Stage – I in
Myanmar
for preparation of pre-feasibility report.
The work has since been completed and the report is submitted
to MOP. |
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Ministry
of Power accorded in principle Mega Power Project status to 2000 MW
Subansiri Lower Project (Arunachal Pradesh) and 520 MW Parbati –
III Project (Himachal Pradesh). |
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Government
of
Sikkim
issued letter of intent for development of 495 MW Teesta Stage –
IV and 210 MW Lanchen Project in
Sikkim
for implementation in the Central Sector through NHPC. |
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Consent
for DPR preparation have been obtained from Government of
Uttaranchal for 3 Projects viz 55 MW Karmoli Lumti Tulli, 630 MW
Garba Tawaghat and 240 MW Chungar Chal. |
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Government
of Arunachal Pradesh assigned DPR preparation work for 7 schemes
with an aggregate capacity of 8500 MW through NHPC.
These Projects are 1000 MW Naba, 800 MW Niare, 700 MW Tato
– II, 1000 MW Naying, 500 MW Hirong, 4000 MW Etalin and 500 MW
Attunli. |
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Government
of J&K assigns DPR preparation work for 240 MW Barinium, 370 MW
Shamnot, 560 MW Ratle , 430 MW Kiru and 320 MW Kawar with an
aggregate capacity of 1920 MW through NHPC. |
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Unit
– III & IV of 280 MW Dhauliganga Project in Uttaranchal
successfully spun. Unit
I & II are ready for spinning. |
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Coffer
Dam of Parbati – II (4 x 200 MW) completed. |
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River
diversion work in respect of 120 MW Sewa – II Project completed. |
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Major
civil works of excavation of power house and diversion tunnel inlet
and outlet area of 2000 MW Subansiri Lower Project have been
started. |
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The
Corporation is pursuing hard to get 4152 MW in the Xth five year
plan and 7440 MW in the XIth five year plan. |
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The
agreement for electro-mechanical works of 2000 MW Subansiri Lower
Project with M/s Alstom Power Hydraulique, France and M/s Alstom
Projects India signed. |
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Contract
agreement for Rural Electrification in West Bengal and
Bihar
signed by NHPC with REC, WBSEB, Government of West Bengal,
Government of Bihar and Bihar State Electricity Board. |
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Contract
agreement for 132 MW Teesta Low Dam Project – III (
West Bengal
), signed with M/s V A Tech Hydro India Private Limited for
electro-mechanical works. |
Narmada
Hydroelectric Development Corporation
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Commissioned
1000 MW (8 x 125 MW) Indira Sagar Power Station in Madhya Pradesh
ahead of schedule, a joint venture of NHPC. |
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Narmada
Hydroelectric Development Corporation a subsidiary company of NHPC,
registered sales of Rs.177.48 crores and profit of Rs.33.80 crores. |
Financial
Performance
During
the year 2004-05, NHPC has registered a net profit of Rs.684.58 crores
against Rs.621.38 crores during the previous year. This is the highest
profit earned by the Corporation since its inception. The sales
turnover of the Corporation rose to Rs.1668.27 crores as against
Rs.1414.43 crores during the previous year 2003-04.
The
profits of the Corporation have shown an increasing trend due to which
financial health of the Corporation is very sound.
The Corporation has been rated ‘AAA’, the highest safety rating
for investment in domestic market by an internationally reputed credit
rating agency viz. ‘Fitch’ ratings.
The ratings assigned to the Corporation have been re-affirmed in
the year 2004-05 by these rating agencies.
The
fund requirement for the capacity addition programs for the Xth and XIth
five year plan shall be met through budgetary support, internal resources
and loans. The Corporation has
tied up line of credit of Rs.2500 crores with LIC of India, at fixed rate
interest of 8% with a total tenor of 19 years.
Besides that the Corporation has tied up another line of credit of
Rs.6500 crores with LIC of India to finance new projects, the rate of
interest has been linked to 13 years Government Security yield plus 100 bp
(basis points) with a floor rate of 6.50% p.a. and with a total tenor of
20 years. The Corporation has
set up a Treasury department to raise funds at most competitive rates
during the year 2004-05, the department has raised loans of Rs.583 crores
domestically from various banks at interest rate of 6.90% per annum with a
tenor of 12 years.
The
sales turnover of the Corporation has also been excellent over past few
years. Corporation has been
able to liquidate its old outstanding dues of SEBs by way of receipts of
bonds/long terms advances amounting to Rs.2785 crores against one time
settlement of dues scheme of Government of India.
Recommended a dividend of Rs.140 crores out of which Rs.60 crores
has already been paid to Government of India for the financial year
2004-05. Corporation paid
dividend of Rs.120 crores of the Government of India in the financial year
2003-04.
Power
Generation
During
the period under review, the operating power stations of the Corporation
generated 11286.43 million units against a target of 10800 million units.
During the previous fiscal 2003-04, Corporation generated 11045.52
million units thereby registering an increase of 2.18% during the
financial year 2004-05. The machine availability of operating power
stations of NHPC measured as capacity index is 95.28% against the MOU
target of 94.50%. Most of the power stations of NHPC exceeded the
generation target. 105 MW Loktak Power Station at Manipur generated
629.67 million units of power against the target of 488 million units.
This is the highest generation achieved by the project since its
commissioning. The 690 MW Salal Power station generated 3443.28
million units of energy against the target of 3150 million units.
The power produced from these power stations is being supplied to various
beneficiary States/Union Territory throughout India.
Realisation/Outstanding
Dues
During
the financial year 2004-05, the Corporation raised a total billing of
Rs.1634.74 crores to the various SEBs. The
total realization achieved by the Corporation is Rs.1645.58 crores.
Besides above realization, unscheduled interchanges charges of
Rs.48.85 crores and surcharge of Rs.2.65 crores has also been received
during the period. Interest on
bonds/long term advances amounting to Rs.293.08 crores has also been
received during this year. The
principle outstanding dues (in the securitization period) reduced to
Rs.214.83 crores by the end of financial year 2004-05 as compared to
Rs.220.25 crores at the end of 2003-04.
The current outstanding dues towards principle amount have been
reduced to Rs.73.80 crores as on 31.03.2005 from Rs.147.38 crores as on
31.03.2004, thereby, reduction in outstanding dues in terms of months of
average billing from 1.15 crores to 0.54 crores.
Doubtful debts reduced to Rs.76.86 crores from 84.64 crores through
settlement and recovery thereby from the concerned beneficiaries.
It is attributed to the profit of the Corporation by Rs.7.78 crores.
As a result of finalization of incentive amount to be paid to the
state in previous Tripartite agreement, provision of Rs.93.98 crores kept
during the financial year 2003-04 has been withdrawn.
This has also added profit to the Corporation.
PROJECTS
COMMISSIONED
Indira
Sagar Power Station
– A Joint Venture
Narmada
Hydroelectric Development Corporation Ltd., a joint venture of NHPC and
Government of Madhya Pradesh was set up in 2002 for execution of Indira
Sagar Power Station (1000 MW) and Omkareshwar Project (520 MW) on river
Narmada in Madhya Pradesh. All
the eight units of Indira Sagar Power Station (125 x 8) have been
commissioned ahead of schedule. During
the period under review the power station generated 1331.94 million units
of energy.
Dhauliganga
Project
The
Corporation has successfully spun Unit III & IV of 280 MW Dhauliganga
Project in Uttaranchal. Unit I
& II are ready for spinning.
CAPACITY
ADDITION
PROJECTS
UNDER CONSTRUCTION
1.
Dulhasti
HE Project (3x130MW) , J&K
2.
Sewa
–II HE Project (3x40 MW), J&K
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Diversion
Tunnel completed
and
Sewa
River
has been diverted.
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72.90%
Dam excavation completed.
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15.92%
of HRT excavation completed.
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Excavation
of Power House almost completed.
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HM
and E&M works awarded.
3.
Teesta-V
HE Project (510MW) ,
Sikkim
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Main
Dam concreting started and about 76750 cum poured during the year.
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About
88% heading, 46% benching and 1375m lining, out of 17106m of HRT have
been completed.
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Heading
Excavation of Faces-0, II VI and I and Benching excavation of Faces-0
and I completed.
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Machine
hall concreting of Unit-I, Generator Barrel concreting of Unit-II
& III completed.
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Assembly
of Stator, Rotor, Turbine and Generator of Unit-I has been taken up
and in progress.
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Outfall
structure of TRT-II & III completed and in TRT-I, is in progress.
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Excavation
of Intake structures, Branch HRT’S, Desilting Chamber-I and Lower
Surge Gallery completed.
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HM
works of Pressure Shafts Liners, TRT’s and Desilting Chambers Gates
has been taken up and is in progress.
4.
Teesta
Low Dam Project Stage-III (132MW),
West Bengal
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1st
Stage Diversion of River Teesta done on 20/12/2004 ahead of schedule.
The work on 2nd Stage Diversion is in active stage.
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All
major civil works started. Excavation of Power House, Intakes,
Water Conductor System and Tail Race Channel is in progress as per
schedule.
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E&M
works and HM works packages have been awarded in July ’04 and Feb.
’05 respectively.
5.
Parbati HE Project,
Stage – II (4 x 200 MW), H.P
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Coffer
Dam completed.
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Excavation
of intake tunnels –I (168m), II (147m) & III (124m) completed.
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Pilot
excavation of Desilting chamber-I, II & III (205m each) completed.
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Widening
of Desilting chamber-III (195m) completed.
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Excavation
of branch HRT-I (132m) completed.
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Excavation
of adit-iv (382m) & adit-v (472m) of HRT completed.
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Excavation
of Penstock-I, II, III & IV (150m each) completed.
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Top
adit to Pressure Shaft valve house (406m) completed.
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Horizontal
portion of Pressure Shaft - bottom left (354m) completed.
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Horizontal
portion of Pressure shaft - bottom right (337m) completed
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Adit-3A
- Jiwa Nallah works (252m) completed.
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Escape
tunnel -Jiwa Nallah works (119m) completed.
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Branch
adit to feeder tunnel GOC - Jiwa Nallah (185m) completed.
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36.7%
HRT excavation completed.
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54.7%
Power House excavation completed.
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65.4%
Dam excavation completed.
6.
Subansiri (Lower) H.E.
Project, A.P (2000 MW)
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MOEF
accorded final forest clearance
on 12.10.2004.
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Marking
of area boundary pillars by forest department of
Assam
and Arunachal Pradesh is in progress.
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Both
the major civil work contractors have mobilized their men and
machinery.
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Electro-mechanical
work package awarded to M/s Alstom on 11th February 2005.
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335925
cum of Power House excavation has been completed.
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292500
cum of excavation at Inlet structure of Diversion Tunnel has been
completed.
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Infrastructure
works are in progress.
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Permanent
Bridge
over river Subansiri has been completed.
7.
Kambang Small H.E. Project, A.P (6 MW)
8.
Sippi
Small H.E. Project, A.P (4 MW)
JOINT
VENTURE PROJECTS
1.
Omkareshwar
H.E. Project (8 X 65 MW) M.P
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25.32%
of Main Dam Concreting and 62.78% of Power House Concreting has been
executed.
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Erection
of 1st stage embeded parts of draft tube gates in Unit # 1, 2, 3, 4, 5
& 6 is in progress.
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Erection
of draft tube liner upto unit-4 completed.
2.
Purulia Pumped Storage Scheme (900MW), W.B.
NEW
PROJECTS
Kishanganga
( 330 MW), J&K
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Environment
& Forest clearance accorded on 19.4.04 & 17.1.05 respectively
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Diversion
Tunnel woks started.
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PIB/CCEA
approval under process.
Uri
–II (240MW), J&K
Parbati-III
(520 MW) , H.P
Chamera
–III (231 MW), H.P
Teesta
Low Dam Project Stage-IV (160MW),
West Bengal
Nimmo
Bazgo (45MW) , J&K
Chutak
(44MW),J&K
Pakal
Dul (1000MW), J&K
Bursar
(1020 MW), J&K
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Detailed
investigation for preparation of DPR is in progress.
Lakhwar
Vyasi Multipurpose Project (420 MW), Uttaranchal
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MOU signed on 01/11/03
between NHPC and Govt. of Uttaranchal for execution in the central sector
through NHPC.
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All the volume of revised
DPR have been prepared but submission is awaited for want of confirmation
regarding sharing the cost of project for irrigation from Govt of UP &
drinking water from Govt of Delhi.
Kotli
Bhel Projects (850 MW), Uttaranchal
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MOU signed on 22/09/03
between NHPC and Govt. of Uttaranchal for implementation of three
Projects.
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F.R. of all three Projects
submitted to CEA for commercial viability and the same have been accorded
during the year.
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Site clearance Stage-II
proposal has been submitted to MOEF on 25/2/05 and approval is expected
shortly. D.P.R.
preparation is in active stage.
Bav
Project Stage-I (18 MW),
Maharashtra
Bav
Project Stage-II (20 MW),
Maharashtra
Devade
(6 MW),
Maharashtra
Subansiri
Middle Project, A.P (1600 MW)
-
Sanction of Stage-II works
by CPIB is held up due to decision by Arunachal Pradesh state government
regarding declaration of forest area on upstream of Subansiri project as
national park.
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NHPC is pursuing the matter
with MOEF
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DPR is under preparation as advised by MOP.
Subansiri
Upper Project, A.P (2000 MW)
-
Sanction of Stage-II works
by CPIB is held up due to decision by Arunachal Pradesh state government
regarding declaration of forest area on upstream of lower Subansiri
project as national park and banning all dam construction activities in
it, as recommended by IBWL
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NHPC is pursuing the matter
with MOEF
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DPR is under Preparation as advised by mop.
Siang
Lower Project, A.P (1600 MW)
Siang
Middle Project, A.P (1000 MW)
Siang
Upper Project, A.P (11000 MW)
-
Feasibility report is under
preparation.
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Site clearance (Stage-I) has
been accorded by MOEF on 29.12.2003 subject to reduction in Dam height to
avoid submergence of tuting monastery and Dihang-Dibang biosphere reserve.
Dibang
Multipurpose Project , A. P (3000MW)
CONSULTANCY
SERVICES
NHPC
has been providing consultancy services in the area of Hydro Power
development for generating additional revenue for the Corporation in the
form of consultancy business. The
clients to whom the consultancy services are being provided include
agencies/organizations both in public and private sector in
India
and abroad.
During
the financial year 2004-05 new consultancy assignments amounting to
Rs.52.42 crores were received which is 477% more than the target for
“Excellent” rating which is Rs.11 crores.
The payments received during the period for the various consultancy
assignments stood at Rs.25.70 crores.
The total value of consultancy assignments on account of services
is more than Rs.211.53 crores and Rs.80.29 crores respectively.
MAJOR
CONTRACTS AWARDED
Finalization
of Electro-Mechanical & Hydro-Mechanical Contracts through Global
Bidding and award of Contract(s) total amounting to equivalent of Rs.1994
crores. The details of such
contracts are as hereunder:
a. Electro-Mechanical works of
Sewa-II HE Project to M/s BHEL,
New Delhi
on 23.06.2004 amounting to INR 141.55 Crore.
b. Electro-Mechanical works of
Teesta Low Dam HE Project (Stage-III) to M/s V A Tech Hydro India Pvt.
Ltd., Mandideep on 30.07.2004 amounting to EURO 50,02,864 + INR
194,26,66,068 (Eqvt. To INR 222.778 Crores).
c. Hydro-Mechanical works of
Sewa-II HE Project to M/s OM Metals & Minerals Ltd., New Delhi on
23.12.2004 amounting to EURO 4,28,700 + INR 15,95,61,000 (Eqvt. To INR
18.39 Crores).
d.
Hydro-Mechanical works of
Teesta Low Dam HE Project (Stage-III) to M/s Consortium of M/s Texmaco
Ltd., Kolkata & M/s Alstom Portugal SA, Portugal on 11.02.2005
amounting to EURO 29,54,108 + INR 50,37,94,429 (Eqvt. to INR 67.17 Crores).
e. Electro-Mechanical works of
Subansiri Lower HE Project to M/s Consortium of M/s Alstom Power
Hydraulique, France & M/s Alstom Projects India Ltd.,
New Delhi
on 11.02.2005 amounting to EURO 100,014,595 + USD 21,348,568.00 + INR
8,517,166,270 (Eqvt. to INR 1544.1 Crores).
INFORMATION
TECHNOLOGY
NHPC
has made major strides in the area of IT & Communication to create
state-of-the-art information technology infrastructure within the
organization covering more than 40 locations across the country during the
period under report. These
include augmentation in the numbers of Desk Top Computers, Servers and
installation of Local Area Networks and expanding the Satellite Based
Closed User Group Communication Network.
These information infrastructure are being leveraged to deploy
applications covering critical business functions such as Project
Construction Monitoring, Generation Monitoring and Control, Materials
Management, Finance and Accounts, HR, Energy Accounting and Billing and
video conferencing. In
addition, initiatives have also been taken during this period to introduce
computerization in the niche areas such as Power Plant Maintenance, Inflor
Forecasting and for implementation of enterprise wide ERP Solution for the
organization. These
initiatives in the area of IT & Communication shall enable the
organization achieve higher level of productivity, performance and
profitability.
DEVELOPMENT
OF GEO-THERMAL PROJECTS
NHPC
is an appointed Nodal Agency for Exploitation of Geothermal Energy in the
country. NHPC has already
carried out the ranking studies through International
Consultant/Contractor viz. M/s GeothermEx, USA and six most promising
geothermal field have been identified:-.
1.
Tattapani in Chattisgarh
2.
Puga in J&K
3.
Cambay Graben in
Gujarat
4.
Minikaran in HP
5.
Surajkund in Jharkhand
6.
Chhumathang in J&K
As a first step, the proposal regarding overall development of
Tattapani geothermal fields have been prepared by NHPC & submitted to
MNES. MNES is getting certain
survey work done from NGRI and NHPC shall be associated for with further
work depending on these survey results.
HUMAN
RESOURCE DEVELOPMENT
The
Human Resources Development division imparted training to 6692 employees
which constituted 49.5% of the work force, against the MOU target (for
excellent training) of 45%. 566
Trainee Engineers/Officers and 498 Jr. Engineers/ Supervisors were
inducted through 30 concurrent batches of induction/orientation training
during the year 2004-05. The
department constantly made efforts to equip the employees with latest
skills and competencies to further achieve the objectives of the
organization.
PROJECTS
ABROAD
NHPC
was assigned the work relating to 1200 MW Tamanthi HE Project in
Myanmar
for preparation of pre-feasibility report.
The work has since been competed and the report is submitted with
MOP. Agreement for preparation
of pre-feasibility report for Tamanthi HE Project was signed on 13.4.2004
between Ministry of External Affairs (MEA) and NHPC Ltd.
As per the agreement, NHPC conducted field survey and investigation
at the Project site in association with
Myanmar
departments.
The Corporation was also entrusted the work to explore the
feasibility of setting up a small hydro power project in
Uzbekistan
and
Tajikistan
. The officers from NHPC
visited these places and have submitted their recommendations to MEA and
MOP, Government of India and has recommended that the above said projects
can be considered for development under co-operation between
India
and
Uzbekistan
.
Date:
31.05.2005
Place:
Faridabad
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