Sanjeev Mehra, managing director (MD), Tata Power Trading Company Limited, brings to the table over three decades of experience across various segments of the power sector. He took over his current role in September 2011, prior to which he was working with PTC India Limited, where he had joined as one of the founding employees. Besides this, Mehra has worked with NTPC Limited and Power Grid Corporation of India Limited (Powergrid).
Mehra feels that there is huge scope for the power trading market to grow in the coming years, as power trading currently has a meagre 10-11 per cent share in the total electricity generation in the country. With a lull in the signing of long-term power purchase agreements, power trading offers a suitable mechanism for discoms to buy power at low price, he adds. Further, Mehra believes that with the segregation of carriage and content likely to be implemented in the coming years, there is huge scope for new products in the power trading market. Commenting on the key challenges facing the power trading market, Mehra says, “The high level of cross-subsidy and other open access charges applicable for short-term transactions in the states, issues regarding the availability and cost of standby power, transmission corridor constraints and the lack of a favourable open access regime in various states are the key impediments in the segment.”
Mehra recalls his stint with Powergrid as particularly memorable. He got a chance to be at the forefront of developments at the time of the formation of the company. “There were no norms for the formulation of transmission tariffs when Powergrid was formed. I got the opportunity to interact with the Central Electricity Authority, the Ministry of Power and various state electricity boards for the formulation of norms. I was also involved in the taking over of commercial aspect of NLC Limited, NEEPCO and NTPC Limited’s transmission assets,” says Mehra.
Mehra follows a participative style of management. He motivates his team to explore beyond their usual assignments. Mehra is an electric engineer by training and also holds a degree in business management. In order to maintain a work-life balance, Mehra ensures that he goes on a holiday with his family, which includes his wife and their two children, once a year. He also likes to listen to old Hindi music. Post retirement, he wishes to explore Europe by road and do social work.