Roy as Ratnagiri chairman

Vol 13, PW 9 (08 Oct 09) News in Brief

Chandan Roy, director operations at state-owned power company NTPC, will take over this month as chairman of Ratnagiri Gas and Power, the NTPC-GAIL joint venture that owns and operates the 2150-MW power station and 2.5m t/y LNG terminal at Dabhol.

Roy succeeds GAIL director finance RK Goel whose two-year term ended on September 21, but who stays till Roy takes over. Ratnagiri’s board has still to formally appoint Roy.

A board meeting was held on September 30 but only to approve half-yearly financial results. No date has yet been set for a board meeting in October, but it is expected next week.

This will be Roy’s second innings as Ratnagiri chairman; his first was when it was set up, when he held the post from 2005 to 2007. Under the arrangement between the partners, the chairmanship of Ratnagiri Gas alternates every two years between GAIL and NTPC.

Roy’s second innings, however, will not last for a full two years, as he retires from NTPC on July 31, 2010 aged 60.

LNG Summit