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New Delhi 15 October 2009

Arun Kanchan elevated as Director

BRPL and BYPL get new CEO’s

In a bid to further strengthen and upgrade the management bandwidth, BSES today decided to reward its three senior most officers by promoting them to higher positions with added responsibility.

While Mr Arun Kanchan, BSES CEO, has been promoted as a Director to the BSES board, the company has also appointed two new Chief Executive Officers (CEOs) for its two distribution companies – BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power Ltd (BYPL).

Mr Ramesh Narayanan would head BYPL as its new CEO and Mr Gopal Saxena would be the new CEO of BRPL. Both the appointments are with immediate effect.

“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 Mr Lalit Jalan, Chairman, BSES.

Mr Jalan appreciated Mr 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 has been very good.

Pointing out that both BRPL and BYPL have significantly reduced AT&C losses over the years, Mr Jalan said: “BRPL AT&C losses have come down to 20.9 % from a high of 51.5% and BYPL’s AT&C losses have similarly been reduced from 63.1 % to 24.4 %. This alone has led to a saving of Rs 8320 crores to the government.”

The power privatisation process had led to a savings of over Rs 20,000 crores for the Delhi government. Of this, the two BSES Discoms have saved Rs 13729 crores for the Delhi government since 2002, Mr Jalan explained: “This includes a capital expenditure of Rs 3790 crore; loss reduction saving of Rs 8320 crores; Rs 864 crore loan repaid to DPCL and Rs 755 crore paid to MCD as e-tax.”

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 %, the domestic retail tariff has increased by around 26 % since 2002 owing to the efficiency of the discoms.

“Our endeavour is to provide 24X7 reliable, efficient and quality power,” Mr Jalan said, reiterating BSES’s commitment to set new benchmarks in customer service initiatives. The new changes, he said, would go a long way in further strengthening BSES’s “best in class” initiatives for its 25 lakh consumers and various stakeholders.

BYPL CEO: Mr Ramesh Narayanan (49) 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, from where he did his MBA, Mr Narayanan too 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).

BRPL CEO: Mr Gopal Saxena (59) joined BSES two years ago and was functioning as BYPL’s Chief Operating Officer since August 2007. An alumnus of IIT Kanpur and Administrative Staff College of India (ASCI), Mr Saxena has over 35 years of rich and diversified experience in core and infrastructure industries, including ACC-Babcock, DCM and ESSAR.

BSES, Delhi’s premier power distribution company, is committed to ensuring quality and reliable electricity supply to all its consumers.

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