Chairman/ Managing Director jobs in Patiala at Punjab State Transmission Corporation Ltd.

Applications are invited for the post of Chairman-cum-Managing Director in Punjab State Power Corporation Limited (PSPCL) at Patiala in HAG Scale of Rs.75500-80000 (unrevised) without Grade Pay.

1. Name of the Post: Chairman-cum-Managing Director

2. Salary: Rs.75500-80000 (unrevised) without Grade Pay.

3. Basic Qualification: Bachelors Degree of a recognized institution in Electrical/ Mechanical/ Electronics/ Computer Science/Civil/ECE/ Instrumentation Engineering/IT or a CA/ ICWA/MBA.

4. Experience: The person should have served for a minimum period of twenty-five (25) years in a Central or State Public Utility or Central Electricity Authority, and have an experience in the field of electricity generation or distribution for a period not less than ten years and has worked as Chief Engineer or Engineer-in-Chief, as the case may be, in a Power Utility Company or its equivalent, for a minimum period of two years, during the aforesaid period of twenty-five years.

5. Superannuation & Tenure: The tenure of CMD shall be as per the terms and conditions the appointment letter. Appointment shall be initially for a period of two years which can be further extended upto maximum tenure of five years. However, CMD shall not continue in service beyond the age of 65 years.

Age Limit:

Minimum age of 50 years at the time of appointment.

The Government of India has initiated reforms for liberalizing the power sector in the country to contain T&D losses, burgeoning subsidy burden and rampant corruption & for improving overall efficiency by making every individual accountable. The enactment of Electricity Act 2003 was the first step in this direction. Joining the league of other states in India, regarding implementation of Power sector reforms, Punjab Government has also unbundled Punjab State Electricity Board (PSEB),which was a statutory body formed on 01/02/1959 responsible for Generation, Transmission and Distribution of electricity in the state of Punjab.