BSES removes CEO, appoints separate heads for two cos

NEW DELHI: Facing mounting criticism for mismanagement in power supply in the city, Reliance Energy- backed power discom BSES today removed its CEO Arun Kanchan and appointed separate CEOs for two distribution companies.

Ramesh Narayanan, senior vice president of the company has been appointed CEO of BSES Yamuna Power Ltd (BYPL), while Gopal Saxena, COO, would be the new CEO BSES Rajdhani Power Ltd (BRPL).

A BSES spokesman said the new appointments have been made with immediate effect.

The spokesman said Kanchan has been "promoted as a Director to the BSES board".

The new appointments of separate CEOs for BSES Rajdhani and BSES Yamuna came following repeated warnings by Delhi Electricity Regulatory Commission (DERC).

As per the Delhi Electricity Act, the two companies should be headed by two separate CEOs.