New Delhi: The interview for one of the most sought after posts in the country – chairman and managing director (CMD) of the transmission giant Power Grid Corporation will start on Friday.
The committee for public sector appointments, Public Enterprises Selection Board (PESB) will shortlist and declare the successful candidate by Friday evening from around 20 applications that it has received.
Among the candidates in fray are three directors from Power Grid, chairman of Rural Electrification Corporation Rajiv Sharma, a senior executive of RailTel Corporation of India, four from several organisations in the power sector and rest from non-power sector companies.
The three directors from Power Grid whose applications have been called for are director (technical) I S Jha, director (operation) R P Sasmal and director (personnel) R P Singh, said officials in the know.
The tenure of the current chairman and managing director of Power Grid concludes in September, 2015. The post of the CMD of Power Grid is one of the most powerful positions in the country given the company has a monopoly in the power transmission sector.
The company was established 25 years ago as an off shoot of major power companies such as NTPC and NHPC. It was formed to work as a dedicated institution building the power transmission infrastructure, managing the national grid and also working as a central transmission utility.
The cumulative inter-regional power transfer capacity of PGCIL was about 37,950 Mw at the end of March 2014, and this is envisaged to be enhanced to about 72,250 Mw by the end of the Twelfth Plan.
Currently Power Grid has more than Rs 1.3 lakh crore order book of central as well as state funded projects. For 12th Plan, PGCIL’s target of capital expenditure is Rs 1 lakh crore out of which capital expenditure of Rs 43,195 crore has already been made in the first two years of the 12th Plan period ( Rs 23,158 crore in 2013-14 and Rs 20,037 in 2012-13).
