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Home News Power Sector News DERC warning - BSES appoints separate CEOs for BYPL and BRPL

DERC warning - BSES appoints separate CEOs for BYPL and BRPL

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DERCFacing mounting criticism for mismanagement in power supply in New Delhi, Reliance Energy-backed power discom BSES removed its CEO Arun Kanchan and appointed separate CEOs for two distribution companies. Ramesh Narayanan, senior vice president of the company has been appointed CEO of BSES Yamuna Power Ltd (BYPL), while Gopal Saxena, COO, would be the new CEO BSES Rajdhani Power Ltd (BRPL).

A BSES spokesman said the new appointments have been made with immediate effect.The spokesman said Kanchan has been "promoted as a Director to the BSES board".

The new appointments of separate CEOs for BSES Rajdhani and BSES Yamuna came following repeated warnings by Delhi Electricity Regulatory Commission (DERC).As per the Delhi Electricity Act, the two companies should be headed by two separate CEOs.

Kanchan was heading both the companies for over a year despite several reminders by the DERC to appoint separate CEOs. The company said the new appointments were made as it wanted to reward three of its senior most officials.

"These appointments once again show that BSES has not only a robust and successful policy of nurturing and grooming in-house talent, but also rewarding its officers for their stupendous achievements," said Lalit Jalan, BSES Chairman.

Jalan appreciated Kanchan's contribution both in BYPL, where he joined as the CEO in 2005, and BRPL, which he additionally looked after since April 2008, and said the achievements have been very good. Jalan said the new changes would go a long way in further strengthening BSES's operation in the city.

Source - Indian Express

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