Country’s largest power generator NTPC is looking for a CEO to manage its power distribution business where the company planning a big foray.
It has advertised in media to this effect looking for a suitable professional for tenure of three years. The NTPC wants to expand its distribution business, following recent government announcement to privatize power distribution in the union territories. The government has asked the states also to work towards strengthening the power sector.
The NTPC has written to Delhi Electricity Regulatory Commission (DERC) about its plans of foraying into distribution sector, and acquiring the distribution assets in the state.
The corporation is already distributing power in industrial theme parks of Kerala through its joint venture ‘KINESCO Power and Utility Private Ltd.’ formed with Kerala Industrial Infrastructure Development Corporation (KINFRA).
