NTPC commissions project ahead of schedule, wins award -Governance Now

NTPC commissions project ahead of schedule, wins award

NTPC’s Vindhyachal unit kicked off commercial operation to earn 0.5 percent extra Return on Equity (ROE)

GN Bureau | November 22, 2016

#PSU #NTPC #Return on Equity #international award

The country’s largest electricity generation station, National Thermal Power Corporation’s (NTPC) Vindhyachal power plant in Madhya Pradesh, has bagged the IPMA International Project Excellence’s Silver Award.

In a statement, NTPC said a unit of the 4,760 Megawatt project was commissioned ahead of schedule – it was synchronised on August 6 last year and achieved full load the same day, within 26 months from the date of construction.

“NTPC’s Vindhyachal unit kicked off commercial operation on October 30 to earn 0.5 percent extra Return on Equity (ROE) on this unit. The Commercial Operation Declaration (COD) was completed within 42 months from zero date,” the statement said.

The award was received by Rajesh Kumar Bhatnagar, executive director of Vindhyachal project along with SK Roy, executive director, operations at an award ceremony held in Warsaw, Poland.

IPMA International Project Excellence Award recognizes projects from different countries, industries and organizations and motivates project teams to develop and improve project management.

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