new Delhi. Public sector NTPC said that it has started the process of appointing the Chief Executive Officer (CEO) for its power distribution business. Last week, NTPC announced a foray into the electricity distribution business and also offered to take 51 per cent stake in Anil Dhirubhai Ambani Group (ADAG) in two distribution companies in Delhi.
NTPC in a letter to the Delhi Electricity Regulatory Commission (DERC) last week said that it has come to know that ADAG intends to sell its 51 per cent stake in BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power Ltd (BYPL) and The company is serious about buying distribution units.
NTPC is a power generating company, so this step is important. The company said in an advertisement that NTPC is looking for an experienced professional for the CEO of the distribution business. The maximum age for the applicant is 55 and must have a degree in mechanical or electrical engineering from a recognized institute. For this post, the applicant should have 25 years of experience in addition to the power distribution business, increasing the business as well as the commercial aspects of the power industry, specifics related to power regulation and distribution business.
The appointment will be for three years and the last date for submission of applications is 15 June 2020. The power generation capacity of NTPC currently stands at 62,110 MW.
This post was published on June 2, 2020 4:02 pm
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