The state government has appointed Baldev Singh Sran as the chief managing director (CMD) of the Punjab State Power Corporation Limited (PSPCL) for the second time.

His term is for a period of one year and can be extended by another year. Earlier, a screening-cum-selection committee headed by the chief secretary had shortlisted five candidates for the post.

Sran had retired as the CMD PSPCL on June 6,2020, after completing his two-year tenure. He is well conversant with the nitty-gritty of power purchase agreements and is expected to take these to a conclusion with active political support.

During his earlier tenure of two years, all-around improvement was visible in the Punjab power sector. There was a policy of zero tolerance to power theft and corruption. For the first time, power was sold during summer, and the PSPCL gained over ?1,183 crore with a profit margin of Rs453 crore during his first tenure.