Inside Pages9Final.indd - Ministry of Power

116
MINISTRY OF POWER
provident fund, gratuity, range of insurance scheme etc.
and employees economic rehabilitation scheme. PFC
lays special emphasis on medical facilities and health care
for its employees and their families whereby they can avail
best health care facilities. Other aspect like promotion of
sports, cultural heritage, community development etc. are
also given due importance by organizing various events.
In our scheme of human resource management, training
and human resource development has been accorded a
very high priority to update and refresh the knowledge and
skills of the employees as also to rejuvenate them. PFC
has been organizing and sponsoring people to a variety
of technical, functional and behavioral development
programs.
12.0 CONSULTANCY SERVICES
12.1 PFC’s Consultancy Services Unit has grown in
operations manifold in providing consultancy services
and has generated an atmosphere of competitive pricing
by consultancy organizations in the areas where PFC has
been providing such services.
During the year 2005-06 (up to 31.12.2005), PFC has
further enhanced its reputation as a premier Consultancy
Organization by bagging new assignments in new areas.
The Corporation broadened its folio of Consultancy
Assignments, both in terms of number of assignments to
5, up to Dec 2005, as also their value amounting to Rs.5.23
crore, the maximum value of assignments in a year. PFC
also expanded its client base and moved up the value
chain by taking up the assignment on “Overall Advisory
Services” for setting up a thermal station by DPSCL, one of
the oldest licencees in the country. Besides, PFC has also
successfully undertaken an assignment on Corporatisation
of its Power Sector. Further, 2 Utilities have shown interest
in PFC undertaking the assignment on Computerization of
their Accounting & Financial Accounting Systems.
While PFC continues to undertake the assignments
on regulatory matters like tariff, PFC shall focus on
assignments relating to: -
• Developing Financial Restructuring Plans, business
models: short term and long term, and reform
implementation.
• Human Resources Development plans to support
/facilitate structural changes in state power sector
including retaining / redeployment of personnel.
• Developing Accounting Systems including
computerization of the unbundled utilities.
13.0 NEW BUSINESS ACTIVITIES: FUNDING OF LARGE
MEGA GENERATION PROJECT
The Government has taken an initiative for facilitating the
Development of five ultra mega power projects of 4000 MW
capacity each under tariff based competitive bidding route.
Madhya Pradesh, Gujarat, Chhattisgarh, Karnataka and
Maharashtra are the States in which a ultra mega project
each is envisaged to be set up in the first phase.
Power Finance Corporation has been entrusted with the
work relating to formation of Shell companies which are
envisaged to carry out development activities including
tie-up of various inputs/clearances before handing over
the project to the final developers. The names of the
Shell companies have already been registered and Chief
Executives of the shell companies are already in place
and have initiated the action of appointment of consultants
for preparation of project report and Environment Impact
Assessment Studies etc. The expression of interest in
respect of Mundra project, Gujarat and Sasan Project,
Madhya Pradesh has already been published in the
newspaper.