TN Govt reworks energy boards with additional directors

CHENNAI: After the trifurcation of Tangedco into three new companies-distribution, generation and green energy-state government has reconstituted the boards of the Tamil Nadu Power Distribution Corporation Ltd (TNPDCL), Tamil Nadu Power Generation Corporation Ltd (TNPGCL) and Tamil Nadu Green Energy Corporation Ltd (TNGECL) by increasing the representation of the finance department.

The state government restructured Tangedco by forming TNPDCL and TNPGCL last January. TNGECL was formed by integrating the renewable energy wing of Tangedco and the merger of the Tamil Nadu Energy Development Agency (TEDA).

The reconstitution of the boards of the three new companies was taken following the chairman cum managing director of the TNPDCL wrote to the State government stating that the managing directors of the new companies also need to be part of the board of the other companies for better coordination between the power utilities. He also recommended that the director of projects in the erstwhile Tangedco who deals with thermal power projects be included in the board of the TNPGCL. Also, he appealed that the joint managing director (Finance) in the erstwhile Tangedco and nominee directors from Rural Electrification Corporation (REC) and Power Finance Corporation (PFC) be included on the board of the TNPDCL.

Energy Department, in its order, dated October 4, increased the board strength of the TNPDCL from the existing nine directors to 15 with the inclusion of an additional representative from the Finance Department, MDs of TNPGCL, TNGECL and TANTRNASCO. The board of the TNPGCL and TNGECL has been expanded to 11 directors from nine.