With K M Singh attaining the age of superannuation, state-owned NHPC Ltd has entrusted the additional charge of the post of CMD, NHPC to Ratish Kumar, Director (Projects) for a period of three months from August 1, 2017.
NHPC a listed company stated this in a filing to the BSE. It said that Mr Ratish Kumar will hold the charge with effect from August 1, 2017 for a period of three months or until the post of CMD, NHPC is filled regularly or till further orders.
“NHPC Has entrusted the additional charge of the post of CMD, NHPC to Ratish Kumar, Director (Projects) w.E.F. 01.08.2017 for a period of 3 months or until the post of CMD, NHPC is filled regularly or till further orders, whichever event occurs earliest,” the company said in a filing to BSE.
Mr Ratish Kumar has over 34 years of experience in NHPC. He is in- charge of all NHPC projects which are under construction and in the pre-construction stages.
K M Singh, the company said, ceases to be Chairman and Managing Director of the company with effect from yesterday upon attaining the age of superannuation, it added.
Meanwhile, it may be noted here that NHPC is scheduled to generate 4458.69 Million Units (MUs) additional power (based on design energy) from two of its present under construction hydro projects, viz., Parbati-II H.E.P (800 MW) in Himachal Pradesh, scheduled to be commissioned in October 2018 and Kishanganga H.E.P (330 MW) in Jammu and Kashmir scheduled to be commissioned in January 2018, as informed recently by Minister of State (IC) for Power, Coal, New and Renewable Energy and Mines, Piyush Goyal in the Parliament.
Informing about the status of progress of hydro-electric projects in the country, Goyal stated that presently 41 H.E.P. (above 25 MW), aggregating to 11792.5 MW, are under construction in the country.
All the above projects are running behind schedule due to various reasons including natural calamities, geological factors, delays in forest clearances & land acquisition and law & order problems, said the Minister adding that the government is taking a series of steps for expeditious commissioning of pending projects.
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