After months of speculation, Krishna Saini has been appointed the chairman of Delhi Electricity Regulatory Commission (DERC) after PD Sudhakar completed his five-year tenure in January. Saini assumed the office of Chairman of DERC on Friday.
Saini has been appointed as new chairman of DERC on the recommendation of the Selection Committee constituted under Section 85 of the Electricity Act, 2003. He was administered the ‘Oath of Secrecy’ and ‘Oath of Allegiance to the Constitution’ by Power Minister Satyendar Jain at Delhi Secretariat.
Saini, an officer of the Indian Revenue Service of 1981 batch, has 35 years experience of working at various senior-level positions in the Government of India.
He has worked in the areas of finance, commerce, economics, accounts, law, legislation, adjudication, auditing of financial statements and detection of irregularities. He has recently retired as Chief Commissioner of Income Tax. He has done MBA from la Trobe University, Melbourne, Australia and MSc (Fiscal Studies) from University of Bath, UK.
The DERC is a three-member quasi-judicial body which comprises of two members and a Chairperson. According to sources, over 150 people had applied for the two vacant posts (Chairman and a member), applications for which were opened by the Delhi Government on November 25 last year.