Mission  
 

The mission of UPRVUNL for 2012 is as follows :
In achieving our vision, we will strive :

  • To accelerate addition of power generation capacity by extending existing projects and installing new plants to make available reliable and quality power, using state-of-the art technologies.
  • Adopt a broad based capacity portfolio including Hydro Power, LNG and non-conventional and eco-friendly facts.
  • To enhance the power generation through increasing efficiency of operations above the national level by periodic refurbishment and renovation & modernization of plants, and maximizing the availability of units.
  • To reduce the cost of generation through efficient management practices including implementation of Commercial Accounting system and Enterprise Resource Planning.
  • Ensure timely realization of revenues.
  • To focus our efforts to meet all environmental norms and standards in order to become a socially responsible corporate entity with thrust on environment protection, ash utilization, community development and energy conservation.
  • To become the preferred employer by incorporating total quality philosophy in all human resource policies and norms to continuously attract and develop competent and human resources to match national standard.
  • To explore opportunities for vertical integration in areas such as power trading, distribution, transmission, coal mining etc.

OBJECTIVES

To realize the vision and mission, seven key corporate objectives have been identified. These objectives would provide the link between the defined mission and the functional strategies :

  • BUSSINESS PORTFOLIO GROWTH
    • To consolidate UPRVUNL position as the leading state thermal power generation company in India and establish a presence in hydropower segment.
    • To broad base the generation mix by evaluating conventional and non-conventional source of energy to ensure long run competitiveness and mitigate fuel risks.
    • To diversify across the power value chain in the State by considering backward and forward integration into areas such as power trading, transmission, distribution, coal mining, coal beneficiation etc.
    • To develop a portfolio of generation assets in domestic markets.
    • To establish a strong service brand in the domestic markets.

  • COSTOMER FOCUS
    • To foster a collaborative style of working with customers, growing to be a preferred brand for supply of quality power.
    • To expand the future customer portfolio through profitable diversification into downstream business, direct supply.
    • To ensure rapid commercial decision making, using customer specific information with adequate concern for the interests of the customer.

  • AGILE CORPORATION
    • To ensure effectiveness in business decisions and responsiveness to changes in the business environment by :
          - Adopting a portfolio approach to new business development.
          - Continuous and coordinated assessment of the business environment to identify and respond to opportunities and threats.
    • To develop a learning Organisation having knowledge-based competitive edge in current and future businesses.
    • To effectively leverage information technology to ensure speedy decision-making across the Organisation.

  • PERFORMANCE LEADERSHIP
    • To continuously improve on project execution time and cost in order to sustain long run competitiveness in generation.
    • To operate & maintain UPRVUNL stations at par with the best-run state utilities in the country with respect to availability, reliability, efficiency, productivity and costs.
    • To effectively leverage Information Technology to drive process efficiencies.
    • To aim for performance excellence in the diversification businesses.
    • To embed quality in all systems and processes.

  • HUMAN RESOURCE DEVELOPMENT
    • To enhance organisational performance by institutionalising an objective and open performance management system.
    • To align individual and organisational needs and develop business leaders by implementing a career development system.
    • To enhance commitment of employees by recognizing and rewarding high performance.
    • To build and sustain learning Organisation of competent class professionals.
    • To institutionalise core values and create a culture of team building, empowerment, equity, innovation and openness which would motivate employees and enable achievement of strategic objectives.
    • To install and implement state of the art systems in conformity with similar function successful Organisations.
    • To effectively leverage Information Technology in promoting complete transparency.

  • FINANCIAL SOUNDNESS
    • To maintain and improve the financial soundness of UPRVUNL by prudent management of the financial resources.
    • To continuously strive to reduce the cost of capital through prudent management of deployed funds, leveraging opportunities in domestic markets.
    • To develop appropriate commercial policies and processes which would ensure remunerative tariffs and minimize receivables.
    • To continuously strive for reduction in cost of power generation by improving operation practices.

  • SUSTAINABLE POWER DEVELOPMENT
    • To contribute to sustainable power development by discharging corporate social responsibilities.
    • To lead the sector in the areas of resettlement and rehabilitation and environment protection including effective ash-utilization, peripheral development and energy conservation  practices.

  • CORE VALUES
    This Corporate Plan provides details of the overall agenda for UPRVUNL. The successful delivery of the agenda would require a risk taking dynamic leadership along with committed workforce that identifies with and supports the vision. To ensure realization of this corporate agenda, a set of core values should be central to, and govern each activity of the Organisation :
    • Customer focus
    • Organisational pride
    • Mutual respect and trust
    • Initiative and speed
    • Total quality