STOCK MARKET BSE NSE

OERC dissolves CESU board, Dash new CEO

Published: 06th October 2016 07:39 AM  |   Last Updated: 06th October 2016 07:39 AM   |  A+A-

By Express News Service

BHUBANESWAR: The Odisha Electricity Regulatory Commission (OERC) on Wednesday  dissolved the management board of Central Electricity Supply Utility (CESU). The charge of chief executive officer (CEO) of the utility has been given to Chief General Manager (Commerce) Prasanna  Kumar Dash.

Senior IFS officer SK Popli was operating as the CEO since September  22, 2014 under Central Electricity Supply Utility of Odisha (Operation and Management) Scheme. Dash assumed the charge of CESU CEO on the day. As OERC Chairman SP Nanda is retiring next week, sources said, a new board of management of the distribution company is likely to  be constituted after recruitment of a new chairman of the  Commission.

After revoking the licence of the then Central Electricity Supply  Company (CESCO) on April 1, 2005, the Commission appointed a CEOcum- Administrator to discharge the activity of the utility. The Commission formulated a scheme named Central Electricity  Supply Utility of Odisha (Operation and Management) Scheme under Section 22 of the Electricity Act, 2003 on September 8, 2006 for operation and management of the utility. Though the  scheme was in force for a period of two years, this has been extended from time to time. CESU has been carrying out the business of distribution of electricity  as per licence conditions under the supervision of the regulatory commission.

The Commission had reconstituted a management board of CESU  in September last year. The scheme was againamended and extended  up to September 7, 2016. Apart from Energy Secretary, who is chairman of CESU, there are  two nominees from the State Government to the CESU board of management.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp