MANILA — State-owned National Power Corp. (NPC) has laid down an eight-point workplan for 2012 to 2014, which includes improvements in NPC’s financial systems and collection efficiency.
Speaking at the 2012 NPC Management Conference held recently, NPC president Froilan A. Tampinco said the eight Key Result Areas (KRAs) that make up the corporate workplan would support NPC’s mainstream projects and mandates.
“We have formulated these KRAs in the hope that they will help us set our path for the future and put into a more accurate perspective the new roles that NPC will play in the power industry, and more significantly, in the country,” Tampincosaid.
The KRAs that have been included in NPC’s work agenda for the next three years included the computerization of NPC’s financial system and improvements in the company's reportorial and feedback system. The new system will replace NPC’s outmoded, in-house-developed financial system, and will include the completion of a new chart of accounts and a revised accounting manual.
It also involves the improvement in NPC’s collection efficiency, in particular, the accounts receivables under the Small Power Utilities Group, as well as from distribution utilities and local government units and the privatization of financially viable SPUG areas, beginning with Palawan and Mindoro.
At the same time, the KRAs calls for the implementation of social and environmental measures to maximize the potential of the Agus 2 Hydroelectric Power Plant by providing additional downstream reservoir capacity at the Balo-i Plains and formulation of a more updated Dam Safety Program, to ensure the safe operations of NPC’s dams and reservoirs, and to enhance customer satisfaction during the normal operations of these facilities.
It also includes the establishment of Eco-Tourism Projects within NPC’s watersheds, which will serve as ecofriendly destinations and showcase the natural landscapes, local culture and traditions, as well as the flora and fauna that are endemic to these watersheds and development of a Performance Management System that will measure group and individual employee productivity vis-à-vis the over-all corporate performance.
Under the KRAs, Napocor will also develop a Fuel Inventory and Monitoring System as well as a Fuel Contract Monitoring System to ensure that SPUG Power Plants have an uninterrupted fuel supply.
To ensure the success of these KRAs, Tampinco also announced the eight KRA champions who will spearhead the implementation of these projects.
They are Ms. Laura V. Manibay, Senior Department Manager for Finance, OMA (for the Finance KRA); Mr. German P. Silva, Department Manager for Pre- and Post-Privatization Activities (for Collection Efficiency); Mr. Edmund P. Veloso, Department Manager for SPUGVisayas (for the SPUG KRA); Mr. Roland R. Cabasa, Department Manager for Energy Services (for the Flood Control KRA); Mr. Romuald T. Beltran, OICDepartment Manager for Dams, Reservoirs, and Flood Forecasting (for the Dams Safety KRA); Mr. Emmanuel A. Umali, Department Manager for Watershed Management (for the Watershed KRA); Ms. Marciana B. Guinto, Division Manager for Organizational Management and Placement (for the Human Resource Management KRA); and Ms. Enelita B. de los Reyes, Department Manager for Fuel Management (for the Fuel KRA).
These KRA champions will be working closely with designated Management Committee Members and select staff from the Office of the President in carrying out their respective KRA projects.
Tampinco expressed optimism that the KRAs will be successfully implemented by NPC, saying that he is banking on the employees’ “collective desire to ensure NPC’s financial turn-around and to bring it back to profitability”.
“The targets we have set are achievable. Our success in accomplishing them, however, will depend on how much we care for NPC, and how willing we are to support these KRA projects,” he said. (PNA)
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