Power shock

There has been a sudden surge in the number of applicants for top-level positions in the power sector. Executives, who used to be more keen on getting an extension in their existing post after retirement or at the end of their fixed tenure at public sector power companies, are scouting for vacancies in sister concerns or even in companies outside their sector.

During the regime of the United Progressive Alliance, executives at public sector undertakings (PSU) got extensions in the normal course of events. With that option drying up under the current dispensation, senior officials in power sector PSUs have started scanning for options months ahead of their formal retirement or end of tenure.