Tata Power today announced the appointment of Mr. Prasad R. Menon as Managing Director with effect from October 16, 2006. Prior to this assignment, Mr. Menon was the Managing Director of Tata Chemicals Ltd.
Part of the Tata Group for over 6 years, Mr. Menon has played an integral role in Tata Chemicals' growth and development, including the merger of Hind Lever Chemicals Ltd. and its recent acquisition of Brunner Mond in the UK. A chemical engineer from the Indian Institute of Technology, Kharagpur, Mr. Menon has previously worked with the Nagarjuna Group and ICI.
The Company has also announced the appointment of Mr. Nawshir Mirza as a non-executive independent Director on the Board. Mr. Mirza is the India Advisor for the Jardine Matheson Group and previously was the partner of Ernst & Young.
About Tata Power
The Tata Power Company is India's largest private sector power producer with an installed generation capacity of over 2200 MW. The company has emerged as a pioneer in the Indian power sector, with a track record of performance, customer care and sustained growth. Tata Power has a presence in all the segments of the power sector viz generation (thermal, hydro, solar and wind), transmission and distribution. Tata Power has joint ventures with public sector in generation, transmission and distribution- 'Maithon Power Ltd.' with Damodar Valley Corporation for a 1000 Mw Mega Power Project; 'Powerlinks Transmission Ltd.' with Power Grid Corporation Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi and North Delhi Power Limited with Delhi Vidyut Board for distribution in North Delhi.