State-owned NTPC today said it will strive to generate 248 billion units during the current fiscal.
“NTPC...signed a Memorandum of Understanding (MoU) with Govt of India for the year 2016-17...As per the signed MoU, NTPC shall strive to generate 248 billion units during the year under “Excellent” category,” the company said in a statement.
Further, NTPC has a capex target of Rs 30,000 crore under 'Excellent' category, the statement said.
Moreover, parameters related to operational efficiency, project monitoring and financial performance are also part of the signed pact in line with the MoU guidelines of Department of Public Enterprises, it said.
The MoU was signed by Power Secretary Pradeep Kumar Pujari and NTPC CMD Gurdeep Singh.
NTPC meets the power needs of the country through 18 coal-based, seven gas-based, one hydro-based, nine renewable energy projects and nine JVs/subsidiaries.
At present, the company has a total installed capacity of 47,178 MW.