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NHDC Limited

NHDC Ltd is a Joint Venture Company of NHPC Ltd and the Government of Madhya Pradesh. It generates hydro power from the Indira Sagar Project (1000 MW) and the Omkareshwar Project (520 MW). The company has implemented a Performance Management System and a Remuneration Committee.

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NHDC Limited

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  1. NHDC Limited ISO 9001-2008 Certified Company

  2. NHDC Ltd. is a Joint Venture Company of NHPC Ltd. (51% Share) & Govt. of Madhya Pradesh (49% Share) incorporated on 01.08.2000. • It has constructed & generates Hydro Power from Indira Sagar Project 1000 MW (8 x 125 MW) and Omkareshwar Project 520 MW (8 x 65 MW).

  3. DESIGN ENERGY vis-à-vis ACTUAL GENERATION (in MU)

  4. PRP & PMS in NHDC Ltd. • Implemented w.e.f. FY 2007-08 as per DPE Guidelines

  5. Remuneration Committee • Three Member Remuneration Committee has been constituted. • The Committee is headed by an Independent Director. • Other members are Part time Directors. • Remuneration Committee, after examining all the factors of PRP as per DPE guidelines, recommended payment of PRP in NHDC Ltd.

  6. Profit Before Tax (Rs in Lacs)

  7. MOU Rating

  8. PRP Distribution PRP distributed for the year • 2007-08 • 2008-09 • 2009-10

  9. Calculation of PRP (Rs. In Lacs) NOTE: Total available amount is within the ceiling of 5% of PBT.

  10. Performance Management System • “Key performance Areas” based Performance Management System. • Following Guideline is in place for Rating of Executives:

  11. Bell Curve • The Guideline is being enforced through signing of Internal MOU with all Head of Departments / Head of Projects.

  12. Issues for Redressal - 1 • Due to forced “Below Par” rating of Executives, not only PRP is affected but his Career Prospects is also getting affected.

  13. Issues for Redressal - 2 • Profit of the Company is affected by vagaries of Nature. Although our Power Plant is available for generation, however generation of Power is dependant on availability of water through Rainfall. Due to this, 40% part of PRP (from 10% of incremental profit) is getting affected.

  14. Thanks...

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