Vivek Sharma

Practice Leader and Director, Energy and Natural Resources, CRISIL Infrastructure Advisory

Vivek Sharma has over 15 years of experience in the area of energy and natural resources. He has worked closely with the central and state governments on power sector reforms, restructuring, regulations, policies and programmes, and has been an honorary member of the V.K. Shunglu Committee on the financial viability of discoms. He has received many awards for his contribution to the energy sector.

In his current position as practice leader and director, energy and natural resources, at CRISIL Infrastructure Advisory, Sharma is responsible for managing the financial position of the infrastructure practice as well as handling various assignments. He is also working with the Ministry of Power to  prepare a roadmap for achieving 24×7 power for all as well as with the Ministry of New and Renewable Energy to make an independent evaluation of the Jawaharlal Nehru National Solar Mission.

According to Sharma, the power sector is at a critical juncture where surplus power is reported at the national level but there are power cuts and load shedding at the state level. This is mainly due to inadequate investment in transmission and distribution infrastructure, the poor discom health, and the lack of cost recovery from electricity supply to certain sets of consumers. While the central government has taken many initiatives for achieving reliable 24×7 power for all, improving discom health through the Ujwal Discom Assurance Yojana and rolling out a plan for increasing the share of renewable energy, the success of these initiatives hinges on the implementation efforts of the state governments. The state governments need to step up their efforts for a commercial orientation and a reduction in AT&C losses to 12-15 per cent from the existing levels of 30-35 per cent. For the renewable energy segment, he believes that commensurate planning and investment in grid integration is important.

Sharma recalls his most memorable assignment as his work in the V.K. Shunglu Committee, where he was involved in analysing various issues and giving recommendations, which have since been implemented. Describing his management style, he says he believes in building a relationship with his team through mutual trust, mentoring, encouragement and empowerment.

To maintain a healthy work-life balance, he includes physical activity and exercise as a part of his daily routine. In his spare time, he likes to watch movies and is a big fan of the Godfather series.

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