Hyderabad, Sept 19 (INN): Andhra Pradesh Electricity Regulatory Commission (APERC) will continue to function with commitment and determination to create a conducive atmosphere in the state for development of power sector, promotion of competition among utilities with an ultimate objective of protecting the interests of the consumers with value added services & rationalization of electricity tariff.
After taking oath as Chairman/APERC today, Venkataramani Bhaskar,IAS(Retd.), disclosed the above details in an informal discussion with officials of commission & said that it is a great privilege to serve the power sector, which in turn, helps for overall economic development of the state. Chief Secretary & Chairman of SECM Dr P K Mohanty has administered the oath of office & oath of secrecy to V Bhaskar at Head Quarters of APERC, Singareni Bhavan, Hyderabad. M Sahoo, Special Chief Secretary, Energy, Sri Munindra, Special Secretary & Incharge CMD/APTRANSCO, K Vijayanand, MD/APGENCO, Joint MDs P Ramesh, Y Nagireddy, D Prabhakar Rao, S A M Rizvi, CMD/APCPDCL etc have attended the swearing in ceremony.
V Bhaskar, who earlier took voluntary retirement from the post of Special Chief Secretary, Finance Department with effect from 19th September 2013, thanked the Govt. of AP for keeping confidence in him to discharge the challenging duties as the Chairman of AP Electricity Regulatory Commission.
Chairman/APERC said that the Electricity Act 2003, vested powers with the State Electricity Regulatory body, to look into the interests of all the stake holders of the power sector like Generators, Transmission & Distribution Licensees and ultimately the final pay master i.e. Consumer. The Commission formulated and notified a number of Regulations on important aspects of Supply of Electricity to the consumers.
The new Chairman/APERC assured that the Commission will strive hard to continue the good work carried out by his predecessors in protecting the interests of General Public, Consumers and all Stakeholders and requested the cooperation of all the stake holders to enable the Commission to strike un-disputed balance among the interests of all the stake holders and to function in a transparent manner.
On this occasion, he has appealed to both the Print & Electronic Media for extending the supporting hand to the Commission in discharging the functions of regulatory body in extending value added services to the consumers/stakeholders.
V Bhaskar of 1981 batch worked at the State level in number of field level posts including as Collector & District Magistrate of Anantapur and Visakhapatnam Districts. He then joined the Government of India in New Delhi in 1997 and worked in the Ministry of Finance. He subsequently worked in the International Monetary Fund, Washington DC as Advisor till 2003. V Bhaskar obtained his Masters in Physics from the University of Delhi and Masters in Public Administration from Harvard University. He is a Certified Associate of the Indian Institute of Bankers. His professional interests include public finance, taxation and international trade on which he has published a number of papers. His latest paper entitled “Issues before the 14th Finance Commission” was published in the Economic and Political Weekly on 27th April 2013.