North Eastern Electric Power
Corporation Ltd signed a
memorandum of understanding (MoU) with the Union ministry of power
for the financial year 2012-13 on March
30, 2012. It was signed by P. Uma
Shankar, Power Secretary, Government of
India and P.C. Pankaj, Chairman &
Managing Director, NEEPCO (left).
Neepco plans to achieve total revenue
of Rs.1,242 crore during 2012-13. The
target for net profit set for FY13 is Rs.169
crore. The net budgetary support from
government of India for FY13 is Rs.134
crore. The Central PSU will make a total
investment of about Rs.1,372 crore on
various schemes during the year 2012-
13 subject to investment sanctions
wherever necessary.
The survey & investigation works for
the three hydropower projects in
Mizoram for which MOA has been signed
will soon begin. These three projects are
Lungreng (815 mw), Chhimtuipui (635
mw) and Mat (76 mw). As these projects
involve trans-border issues, application
seeking clearance of the ministry of
external affairs has already been initiated
as in under process.
Established in 1976, Neepco has an
installed capacity of 1,130 mw, which
includes hydropower capacity of 735 mw
and thermal capacity aggregating 375
mw. In the XII Plan period, the company
has set a target of adding 916 mw of
power generation capacity that includes
770 mw from hydropower projects.
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