NTPC chairman and managing director Gurdeep Singh’s tenure has been extended by a year after the Public Enterprise Selection Board (PSEB) failed to find a replacement. PSEB is a government body tasked with the mandate of recommending candidates for the top managerial positions of central public sector enterprises.
A notification on July 16 said the Appointments Committee of the Cabinet (ACC) has okayed ministry of power’s proposal to extend Singh’s tenure as CMD of the state-run company.
The notification said the contract will be active with effect from August 1 until July 31, 2026. Singh was retiring at the end of this month on July 31.
According to reports, PSEB had interviewed 12 candidates to replace Singh. However, none of the applicants were found to be suitable for the top post.
Earlier today, in a major boost, the Cabinet Committee on Economic Affairs (CCEA) led by Prime Minister Narendra Modi approved NTPC’s plan to invest up to Rs 20,000 crore on clean energy projects, increasing the prescribed limit from the current Rs 7,500 crore.
This is a developing story
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