Shri M.K. Goel
Shri M.K.Goel took over as Chairperson, Joint Electricity Regulatory Commission (JERC) for the State of Goa and UTs on 17th February, 2017.
Shri Goel, an Electrical Engineer from Kanpur University has over 37 years of varied Power Sector experience. Before joining JERC, he has been heading Power Finance Corporation, a navaratna PSU and largest NBFC in the country as Chairman and Managing Director. He has close to 28 years of Power Financing experience in PFC and 9 years of Power Generation experience in NHPC before joining PFC in 1988. He has more than 9 years of Board level experience in PFC.
Under his leadership as CMD, PFC, despite challenging times, PFC has shown continued business growth with enhanced financial and operational performance. As result, PFC ranked the largest NBFC in the country based on networth (all reserves) as on 31.03.2016 and 5th highest profit making PSU as per DPE survey, 2016. He also ensured achievement of all the MoU targets set by Govt of India for FY 2013-14 and FY 2014-15, entitling PFC to highest MoU score of 1.00 consecutively for 2 years during his tenure as CMD.
He also steered various power sector reform programmes by spearheading GoI initiatives, which included Integrated Power Development Scheme(IPDS), UDAY, 24X7 Power For All etc. He was also instrumental in implementation of other GoI initiatives like UMPPs, ITPs, review of UMPP bidding documents etc.
He immensely contributed to the development of power sector and financial industry as a key member in various Committees related to policy and regulatory areas such as (1)) ‘Central Advisory Committee’ (CAC) to advise CERC on policy issues, (2) ‘Fund requirement’ for National Electricity Plan constituted by CEA, (3) ‘High Level Committee on Financing Infrastructure’ to take up financing issues with RBI for regulatory changes etc.