Sanjay Kulshreshtha named as new Chairman and Managing Director of HUDCO

Sanjay Kulshrestha has joined as the Chairman & Managing Director of the HUDCO from 16th October 2023. He is an electrical engineer with over 32 years of expertise in Infrastructure Financing, Hedging, Risk Management, ALM, thermal power plant management, Power Sector Project Financing etc.

Early Career and Power Project Expertise

For the first 15 years, he has worked in the areas of power project execution, high voltage substations and transmission lines at both State as well as Private sectors.

In 2006, he joined REC, initially in Mumbai and later moved to the Delhi Headquarters where he has been a Power Sector Financing expert for the last 17 years where he managed the techno-commercial appraisal of power sector projects and pioneered implementation of multiple government schemes.

In the last few years, he acted as the business head for State Operations as well as Private Sector Project Management (Generation, T&D and Renewables). He has been a member of various committees on Hedging, Risk, Infrastructure Financing, ALM, etc. and worked in close coordination with Ministry of Power, State Governments & power utilities, Private developers, RBI and Multilateral Development Banks. Additionally, he acted as the CEO of RECPDCL, an REC subsidiary working in power sector consultancy services.

Journey with REC

Furthermore, under his leadership as the head of REC Foundation, CSR wing of REC, the company’s impact has been extensive in the areas of health, nutrition and women empowerment clubbed with nation-wide initiatives for uplifting of sports in India. He has also been closely associated with the REC for Business Development, Strategy and Coordination works.

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