Chandan Roy comes first in PESB i/v for CMD of NTPC

Vol 11, PW 17 (10 Jan 08) People & Policy

Barring last minute hiccups, it now looks certain NTPC director operations Chandan Roy (left) will be the company’s next CMD to take over from Thyagrajan Sankarlingam who retires on May 1 this year.

As widely predicted by this report, Chandan Roy emerged as the PESB’s first choice when interviews were finally held in Delhi on (Monday) December 17, after months of speculation and inexplicable delay. RS Sharma, director commercial and Roy’s colleague on the board of NTPC, was the PESB’s second choice.

“Roy will be 58 years old in July this year,â€‌ says a well-placed source. “This means he will be NTPC chairman for two years or until he reaches 60.

â€‌ Unless, of course, Roy manages to win an extension, something Sankarlingam failed to secure, despite his best efforts. Any decision about Roy’s future after two years rests with the power ministry and the minister who will be in charge then.

A source confirms to us that the power ministry has received the PESB recommendation with Roy’s name and that his file is resting comfortably on power minister Sushil Kumar Shinde’s desk awaiting a signature. After Shinde puts his stamp of approval on the file it will be sent to the Appointments Committee of the Cabinet headed by Prime Minister Manmohan Singh for final approval.

“He (Chandan Roy) is the right candidate to run NTPC,â€‌ stresses an industry source emphatically. “His file will be cleared by the ACC without any hassle.

â€‌ Roy’s selection by the PESB ends months of uncertainty over the CMD post at India’s foremost power generation utility. Eleven candidates were shortlisted by the PESB and interviews were to take place first on October 10 but were later postponed to December 6 on instructions from power secretary Anil Razdan, who postponed them again to (apparently) accommodate his travel plans.

Interviews were finally held on December 17.