In a bid to further strengthen and upgrade the management bandwidth, Delhi power company BSES has promoted its three most senior officers.
Arun Kanchan, BSES CEO, has been promoted as a Director to the BSES board, while Ramesh Narayanan has been appointed as CEO of BSES Yamuna Power Ltd (BYPL) and Gopal Saxena has been appointed as CEO of BSES Rajdhani Power Ltd (BRPL).
“These appointments once again show that BSES has not only a robust and successful policy of nurturing and grooming in-house talent, but of also rewarding its officers for their stupendous achievements,” said Lalit Jalan, chairman of BSES.
Jalan also noted Kanchan’s contribution both in BYPL, which he joined as CEO in 2005, and BRPL, which additionally he has looked after since April 2008, and said the achievements has been very good.
Pointing out that both BRPL and BYPL have significantly reduced their AT&C losses over the years, Jalan commented: “BRPL AT&C losses have come down to 20.9 percent from a high of 51.5 percent and BYPL’s AT&C losses have similarly been reduced from 63.1 percent to 24.4 percent.”
The success of the electricity distribution reform process is also evident from the fact that Delhi has one of the lowest power tariffs. This despite the reality that while the cost of buying power has gone up by 90 percent, the domestic retail tariff has increased by around 26 percent since 2002 owing to the efficiency of the discoms.
Ramesh Narayanan joined BSES in 2002 and has headed many a crucial portfolios. As senior vice president, his last assignment included heading the critical Power Management Group and Operations & Maintenance. An alumnus of Delhi College of Engineering and Delhi University, where he did his MBA, he has a rich experience of 31 years under his belt and has worked for organisations like NTPC, Power Finance Corporation, Thapars and Electricite De France (EDF).
Gopal Saxena joined BSES two years ago and was functioning as BYPL’s COO since August 2007. An alumnus of IIT Kanpur and Administrative Staff College of India (ASCI), he has over 35 years of rich and diversified experience in core and infrastructure industries, including ACC-Babcock, DCM and ESSAR.