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COMPANY
PROFILE
Jalpower Corporation Limited was incorporated on 25th August 2004 under the Companies Act 1956 (1 of 1956) with its registered office at Hyderabad. The company was acquired by NHPC Limited through Corporate Insolvency Resolution Process (CIRP) in March, 2021 and is a wholly owned subsidiary of NHPC developing Rangit-IV HE Project in Sikkim. The project is located on Rangit River near Rishi village, West Sikkim and is a run-of-the-river scheme envisaging construction of a 44m high concrete gravity dam to generate 120 MW (3x40MW) of power. The estimated design energy of the project is 507.88 MUs in a 90% dependable year.
MAIN OBJECTS
OF THE COMPANY
1.
To carry on the business of establishing and generating electrical power by conventional, nonconventional methods including hydel, geo-hydel, wind, tidal waves, coal, gas lignite, thermal, solar, garbage, poultry waste bio-mass, diesel generator sets, naptha based or any other source or through such other sources hereafter invented in connection with a generation of electricity or any power that can be used as substitute thereof.
2.
To promote, own, acquire, erect, construct, establish, maintain, improve, manage, operate, alter, carry on, control, take on hire/lease, power plants, co-generation power plants, energy conservation projects, power houses, canals, transmission and distribution systems for generation, distribution , transmission and supply of electrical energy and buy, sell supply, exchange, market, function as a license and deal in electrical energy and buy, sell, supply exchange, market, function as a license and deal in electrical power, energy to the State Electricity Board, State Government, Appropriate Authorities, licensees, specific industrial units and other consumers for industrial, commercial, agricultural, household and any other purpose in India and elsewhere in any area to be specified by the State Government, Central Government, Local Authority, State Electricity Boards and any other competent authority in accordance with the provision of Indian Electricity Act, 1910 and /or Electricity (supply) Act, 948 or any other statutory modifications or reenactment thereof and rules made thereunder.
3.
To initiate, organize, and to carry on the function, operations business of power plants, electrical engineers, manufacturing, import or export of all kinds of power plants, heavy and light electrical machinery and electrical apparatus for power generation and transmission and related business.
4.
To carry on the business of generating, accumulating, distributing and supply of electricity for the purpose of light, heat , motive power and for all other purposes for which electrical energy can be employed and to manufacture and deal in all apparatuses and things required for or capable of being used in connection with the generation, distribution, supply, accumulate on and employment of electricity, including in the term electricity all power that may be directly or indirectly, derived there from, or may be incidental hereinafter discovered in dealing with electricity.
5.
To carry on the business of research, design, prepare and supply technical know-how and to act as consultants, advisors and to conduct installation, servicing and maintenance of and to acquire any rights including rights in power generating units and allied products.
MANAGEMENT
BOARD OF DIRECTORS
(as on 21.08.2024)
Shri Rajendra Prasad Goyal
Chairman and Nominee Director &
Director (Finance), NHPC Limited
DIN: 08645380
Shri Rajendra Prasad Goyal is serving as Chairman of the company since January 1, 2024. He also serves as Director (Finance) & Chief Financial Officer of NHPC Limited.
Shri Goyal began his career at NHPC on November 18, 1988, as a Senior Accountant at Salal Power Station of NHPC in J&K. He has since worked at various projects and offices including Chamera-I Project, Dulhasti Project, Regional Office in Jammu and Corporate Office in Faridabad in various capacities. Before becoming Director (Finance), he was Chief General Manager (Finance) in NHPC, overseeing Corporate Accounts & Policy, Taxation, Treasury, Establishment, and Investor Relations.
In addition to his current roles, Shri Goyal chairs Boards of Lanco Teesta Hydro Power Limited, NHPC Renewable Energy Limited (wholly-owned subsidiaries of NHPC) and Bundelkhand Saur Urja Limited. He is a Nominee Director on the Boards of Chenab Valley Power Projects Ltd., Ratle Hydroelectric Power Corporation Limited (joint ventures of NHPC and JKSPDCL), Loktak Downstream Hydroelectric Corporation Limited and NHDC Limited (subsidiary companies of NHPC). Shri Goyal is also a Member of the Executive Board of the Standing Conference of Public Enterprises (SCOPE), New Delhi.
Furthermore, Shri Goyal has been given the additional charge of Director (Finance) at National Power Training Institute (NPTI), Faridabad.
Shri Goyal is an Associate Member of the Institute of Cost Accountants of India and holds a Master's Degree in Commerce from University of Rajasthan, Jaipur. With over 34 years of experience at NHPC Ltd., he possesses extensive expertise in Finance, particularly in the Financial, Contractual and Regulatory aspects of hydro project construction and operations. His leadership, work ethics and professionalism are widely recognized.
Throughout his career at NHPC, Shri Goyal has advanced through the ranks due to his sense of responsibility, ethical standards and dedication. He has established himself as an exceptional finance professional and has significantly contributed to the sustained growth of NHPC.
Shri Uday Shanker Sahi
Nominee Director &
Executive Director, NHPC Limited
DIN: 09847362
Shri Uday Shanker Sahi, a Civil Engineering graduate from B.I.T. Sindri, Dhanbad, had joined NHPC as Trainee Engineer in 1989. In his professional career, he has accumulated over 34 years of experience with outstanding contribution in areas of Construction Management & Operation of Power Plants. He has contributed for NHPC at various locations across nation viz; Sikkim, Assam, Bihar, Andaman & Nicobar, Manipur, Himachal Pradesh, Jammu & Kashmir etc. He has also served in foreign countries like Bhutan, Myanmar etc.
During his early days in NHPC, he Played a decisive role in taking over of various projects from Brahmaputra Board for NHPC in Assam and Arunachal Pradesh and Teesta-V Project (500 MW) to NHPC from Sikkim Government. Apart from conventional business of NHPC, he had also contributed in Road Projects (PMGSY) in Bihar under diversification works. He was involved in the construction activities of Concrete Faced Rockfill Dam (CFRD) at Gurez, Kishanganaga Power Station (330 MW).
Prior to heading Dibang Multipurpose Project (2880 MW), the largest Hydro Project of India, he has had an illustrious career in various divisions in Corporate Office like Corporate Communication, Security and CSR&SD, PID, EMS. He has undertaken various challenging assignments during this tenure and has successfully managed. He played a pivotal role in expansion of business of NHPC in Nepal. As a Head of Corporate Communication, he has successfully orchestrated all the internal and external communication processes aiming at enhancing and maintaining Company’s image across all its stakeholders using all possible PR tools and developed & implemented an integrated and proactive social media plan to drive key objectives of the Company.
Shri Rakesh Prasad Sharma
Nominee Director &
Executive Director, NHPC Limited
DIN No. 09050874
Shri Rakesh Prasad Sharma is Civil Engineering Graduate and M.Tech (Hydro Electric) from Maulana Azad College of Technology (now MANIT). He has more than 33 years of professional experience in Hydro Power Sector. Since joining NHPC in November 1987, he has worked in Dulhasti (390MW), Chamera I (540MW),Dauliganga (280 MW) in NHPC where he was involved in various challenging tasks. He has more than six years of experience in the Contracts Management of Civil as well as Electro-Mechanical works.
He has also worked in Indira Sagar Project (1000 MW) of NHDC. Innovative construction methods were used to construct the part of dam after commencing electricity generation from the project. Project was commissioned ahead of schedule.
He was on deputation to Konkan Railway Corporation Limited where he was involved in construction of two most critical tunnels (Padi and Pernem tunnel) in Goa Sector. He received CMD award for outstanding contribution from Mr. E.Sridharan, the then CMD.
He was Director (Technical), Punatsangchhu-I Hydroelectric Project Authority (1200 MW) (on deputation from April 2016 to July 2020). He also held additional charge of Director (Technical), Punatsangchhu-II Hydroelectric Project(1020MW) for a period of 15 months.
His experience covers various domains of project management, execution, commissioning and contracts management of hydro power projects/station.
He is presently working as Executive Director in NHPC and joined the Board of Jalpower Corporation Limited w.e.f. 31st March 2021.
Shri Anuj Kapoor
Nominee Director &
Executive Director (Finance), NHPC Limited
DIN: 10137420
Shri Anuj Kapoor is an Associate Member of the Institute of Cost Accountants of India and also holds a Bachelor's Degree in Commerce from the University of Delhi. He is also holding the position of Nominee Director on the Board of the NHPC Renewable Energy Limited since 01.05.2023. Presently, Shri Kapoor is serving as Executive Director (Finance) in NHPC Limited w.e.f. 08.05.2023. Shri Kapoor has vast experience of more than 32 years in NHPC Ltd. and worked in various capacities at many Projects, Power Stations, Regional Office and Corporate Office of NHPC. Shri Kapoor has immense understanding in the core areas of Finance with in-depth understanding and knowledge of Financial, Contractual and Regulatory issues involved in construction as well operations of Hydro Projects. His leadership qualities, ability to work hard with conceptual clarity and professionalism are outstanding.
He joined the Board of Jalpower Corporation Limited w.e.f. 1st May, 2023.
Smt. Manjusha Mishra
Nominee Director &
GM (Civil), NHPC Limited
DIN: 09288726
Smt. Manjusha Mishrais graduate in Civil Engineering from GEC, Bilaspur in 1996 and subsequently acquired M.Tech degree in Water Resource Engineering from IIT Delhi. She is working in Design & Engineering Division of NHPC Limited since 1998 and is involved in hydrological & hydraulics aspect of all hydropower projects and Power Stations of NHPC in India & abroad along with dam safety aspect of Parbati-III Power Station of NHPC. She is Nodal Officer for implementation of Early Warning System for all the Projects/Power Stations in Hilly Region. She is representing NHPC for Projects falling under Indus Water Treaty internationally as well as in high level meetings. She has published and presented papers in various International and National forums/Journals such as International Commission on Large Dams (ICOLD), India Water Week, Hydro Power & Dams, Dam India, Dam safety Conferences, Water Power etc. She has also participated as a speaker in G20 meet in Chennai on use of Disruptive technology in Disaster Resilience. She has been a member of Technical Committee on Sedimentation in ICOLD and BIS Committee on Hydrometry and Reservoir & Lakes. Currently, she is posted as General Manager (Civil) in Design & Engineering Division of NHPC Limited.
Smt. Mishra joined the Board of JPCL w.e.f. 20.08.2021.
SIZE & COMPOSITION OF THE BOARD OF DIRECTORS
Jalpower Corporation Limited (JPCL) is a wholly owned Subsidiary Company of NHPC Limited w.e.f. 31st March, 2021. Consequent to its takeover by NHPC Limited it has become a Government Company within the definition of Section 2(45) of the Companies Act, 2013. According to the Articles of Association of the Company, the strength of the Board shall not be less than 3 (three) and not more than 15 (fifteen) Directors.
KEY MANAGEMENT PERSONNEL (KMP)
| Chairman | : | Shri Rajendra Prasad Goyal |
| Chief Executive Officer | : | Shri Sudhir Kumar Yadav |
| Chief Financial Officer | : | Shri Trilochan Behera |
| Company Secretary | : | Smt Priyanka |
As on 31st March, 2024 the Board comprised of five (5) non executive Directors including Chairman, all of whom were nominated by NHPC Limited.
| Sr. No | Name | Category of Director |
| 1 | Shri Rajendra Prasad Goyal | Non-Executive Chairman
(Nominee of NHPC Limited) |
| 2 | Shri Uday Shanker Sahi | Non-Executive Director
(Nominee of NHPC Limited) |
| 3 | Shri Rakesh Prasad Sharma | Non-Executive Director
(Nominee of NHPC Limited) |
| 4 | Shri Anuj Kapoor | Non-Executive Director
(Nominee of NHPC Limited) |
| 5 | Smt. Manjusha Mishra | Non-Executive Director
(Nominee of NHPC Limited) |
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