Dr. V.K. Garg
Chairperson
Dr. V.K. Garg joined the Commission with effect from 21st October 2008.
Dr. V.K. Garg after having served in Indian Economic Service for 17 years shifted to Public Sector to serve for another 17 years before he superannuated as Chairman and Managing Director of Power Finance Corporation Ltd. Dr. Garg a PhD in Business Administration has served Energy Sector, Power and Oil, in various capacities at senior positions. He was Director finance of Power Grid Corporation Ltd for 8 years. He is an MBA and has attended Advanced Management Programmes at Texas University USA and Cambridge University UK in addition to obtaining Certificate in Development finance Appraisal at Bradford University UK.
Under his leadership PFC made successful transition for Mini Ratna to Navratna PSU, the highest recognition for any public sector company from Government of India for its performance. He spearheaded the paradigm shift in the company’s business, culture and operations. New business generated during his tenure of 39 months was worth Rs. 1.41 lakh Crores or US$ 30 billion i.e., out of a total cumulative business of 1.86 lakh Crores generated in last 22 years since inception. PFC (IPO) under his stewardship was oversubscribed 77 times, Qualified Institutional Investors oversubscribed 136 times, a record for any PSU. Achieved one of the highest per capita productivity in India of post tax net profit of Rs. 4.3 Crores per employee per annum.
Awarded three Ultra Mega Power Projects of 4000 MW costing US$ 4 billion each at Sassan, Mundra & Krishnapattnam in private sector, through international competitive bidding in a record time.
Sh. R.K. Sharma FIE
Member
Sh. R.K. Sharma FIE joined the Commission with effect from afternoon of 21st August 2008.
Sh. R.K. Sharma, a graduate Electrical Engineer from University of Allahabad, has more than 40 years of experience of Power Utility Sector in Public and Private sectors. He superannuated as Chairman and Managing Director of Tehri Hydro Development Corporation Ltd. (THDC). During his tenure as CMD THDC Ltd., 1000 MW Tehri HPP Stage-1, a languishing Project, was commissioned successfully. The Organization grew from a single project to a multi project Company and became revenue earning. Earlier he was Director Technical on board of National Hydroelectric Power Corporation Ltd (NHPC) for 4 years.
He is well conversant with Indian Power Sector in all fields including generation (hydro), transmission and distribution in all their aspects. He has been closely associated with Hydro Tariff formulation and Power Sector Reforms. He closely interacted with Central Electricity Regulatory Commission during formulation of their regulations on hydro tariff. He has been a member of Advisory Board of Punjab Electricity Regulatory Commission. He has been member of many technical committees formed by Government from time to time.
He is a Chartered Engineer and Fellow of Institution of Engineers, India and recipient of ”Eminent Engineer Award” conferred by Institution of Engineers (India) New Delhi in 2005.
He has authored a number of Technical Papers presented in India and abroad.