The Annual Performance Agreements (APA) of the Punatsangchhu Hydroelectric Project Authority-I and II for the Financial Year 2019-20 were signed between Hon’ble Tengye Lyonpo, Chairperson of PHPA-I & II, and the Management of the respective Projects. The signing was held at Bjimthangkha Project Office, Wangdue Phodrang on September 12, 2019.
The key objective of signing the APA with the Projects is to establish clarity and consensus about the annual priorities for the Project in order to ensure that the Projects are commissioned within the stipulated deadline. It also represents an important mechanism for inclucating performance based culture in the project implementation. This is the first time that the APA for Project Authorities are being signed and henceforth, such performance agreements will be signed annually.