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Siddharth Mehta appointed CEO at DPSC Ltd

KOLKATA: DPSC Ltd, one of the oldest and power utilities in India, has appointedSiddharth Mehta as its chief executive officer for its generation, distribution trading business as well as wind power business. 

Mehta joins 
DPSC LtdBSE 0.00 % from the Essar Group, where he was the CEO of Essar Power Distribution Company. He has also been associated with Torrent Power & Tata PowerBSE -0.16 % in his over 30 years of rich experience in the sector. 

Mehta, a B.E (Electrical) from Indian Institute of Science, Bangalore, started his career with Tata Power and continued with the organisation for 24 years. A veteran in India's power sector, Mehta has expertise in power distribution and transmission and specializes in public-private partnership in power field, strategy and business development, project coordination, management & execution; and 
corporate governance & growth. 

Hemant Kanoria, chairman, DPSC Ltd. said: "Mehta's industry experience will help us in further strengthening our transmission and distribution business which by all industry standards stands as one of the best. Under his leadership and direction, I hope that our power vertical sets new industry benchmarks." 

DPSC, formerly known as Dishergarh Power Supply Company Ltd, was incorporated in the 1919 in West Bengal. The company was set up primarily to supply power to the Bengal Coal Company Ltd., then the largest producer of coal in Asia. 

Andrew YuleBSE -0.76 % company, DPSC went for a disinvestment in the year 2009-10 & was taken over by IPCL. DPSC has ever since supported the process of rapid industrialization of the State. The company is listed on the National Stock Exchange, the Calcutta Stock Exchange and MCX-SX. 

The company generates 12 mw from its coal-based thermal power plant at Dishergarh. In the T&D space, the company has a license for supply of electricity in and around Asansol-Ranigunj area 
 over 618 sq. km. with a combined distribution capacity of 250 MVA. DPSC serves more than 552 consumers' power needs in this area. The company has strong distribution network with T&D loss of only 3% against country average of 25%.