New Delhi, May 3 : State-run power generator NTPC has signed a memorandum of understanding (MoU) here with the Union Power Ministry on Thursday to generate 268 billion units of electricity during the fiscal 2018-19, according to an official announcement.

The ministry release also said the country's largest generator has targeted Rs 85,500 crore in revenue from operations during the current financial year.

"Parameters related to financial performance, improvement in operational efficiency, capital expenditure, projects monitoring, technology upgradation and HR (human resource) management are also part of the MoU for the year 2018-19," it said.

Previously known as the National Thermal Power Corp, NTPC has a total installed capacity of 53,651 MW from its 21 coal-based, seven gas-based, 11 solar PV, one hydro, one small hydro and one wind project, as well as nine subsidiary and joint venture power stations, it said.

NTPC is currently building an additional capacity of over 21,000 MW at multiple locations across the country, the statement added.

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