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Who will be Chairman, DVC?

By IndianMandarins- 21 Jan 2019
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who-will-be-chairman,-dvc?

Despite controversies and allegations, the interview for the post of Chairman, Damodar Valley Corporation (DVC) may be held on 29 January 2019. The contest for the top job is said to be between R P Tripathy (Member, Technical) and S Halder (Member, Finance). Currently, NTPC CMD Gurdeep Singh holds the additional charge of Chairman, DVC.

 

The DVC chairman's post has been hanging in balance for more than a year. The post fell vacant following the resignation of Andrew WK Langstieh in November 2017 - eleven months ahead of his completion of tenure (Sept. 2019). Reportedly, he had resigned after he faced the wrath of a senior Central authority at a meeting.


His resignation had surprised sector experts because under Andrew’s leadership, DVC’s PLF improved from 48 percent in 2014 to 54 percent in 2017. His efforts had started yielding results in capacity utilization, recovery of dues from Jharkhand and better debt management reduced DVC’s losses from Rs 1,334 crore in FY-15 to Rs 907 crore in FY-17.

 

DVC is a power utility jointly owned by the center and the state governments of West Bengal and Jharkhand and operates power plants in the Damodar river area of the region.

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