REHPL has adopted Equitable Risk Sharing Approach. This approach is the single most important factor which must be respected. The obvious principle is that the risks should be allocated to the party which is best positioned to assess and manage that risk. Any disconnect from this approach is fraught with avoidable execution problems and results in delays and cost overruns.
REHPL's proven risk resistance approach inevitably gets into details of different types of possible unforeseen situations, prescribe, in detail, procedures for handling them, and estimate their financial implications so that during execution if they were to happen remedies are available in the contract document with obligations and entitlements of the parties concerned. If REHPL is able to capture more than 90% of the possible or likely eventualities, and provide, in the contract document, automatic dispensation rather than trying to deal with them on a case to case basis as and when they arise, it would make a big difference in making the execution a smooth affair.
Indian hydro electric sector which has so far remained to the extent of more than 95% in the basket of either Central public sector or State public sector organizations, has demonstrated, in most cases, a very slow response system to the changing needs of geological difficulties during execution of project civil works. REHPL has adopted a rapid response system, which is sensitive to these problems almost instantaneously with the occurrence of the problem, with an in-built mechanism to evolve and implement the remedies.
REHPL has deep domain expertise in dealing with various modes of contract management. The team has more than three decades of rich experience in executing complex power plants, both in private and public sectors.
Plot No. 227,
Road No 2,
Banjara Hills,
Hyderabad-500 034
Phone: 040-23559922-25
Fax: 040-23542420
Email: [email protected]