Reliance Power has named Neeraj Parakh as its new Chief Executive Officer (CEO) and Executive Director.

Reliance Power has appointed Neeraj Parakh as its Executive Director and CEO, starting January 20, 2025, for a three-year term. Parakh brings over 29 years of experience and has played a key role in leading significant power and renewable energy projects within the Reliance Group.

Reliance Power Limited has appointed Neeraj Parakh as its Executive Director and CEO, effective January 20, 2025, for a three-year term, pending shareholder approval.

Professional Experience and Contributions
Parakh brings over 29 years of experience, with more than 20 years spent at Reliance Group. He joined in June 2004 as an Additional Manager in the Central Technical Services team at Reliance Infrastructure. Throughout his career, he has taken on key roles in planning, project oversight, technical services, operations, maintenance, procurement, and indirect taxation. His leadership has been crucial in the successful completion of large-scale projects, including:

Thermal Power Projects: Yamuna Nagar, Hisar, Rosa, Sasan, and Butibori.
Renewable Energy Initiatives: Solar Photovoltaic (PV) and Concentrated Solar Power (CSP) projects.

These efforts have contributed over 10 GW of power generation, with a total capital investment of ₹50,000 crore.

Academic Background
Parakh holds a Bachelor’s degree in Production Engineering from Yeshwantrao Chavan College of Engineering (YCCE), Nagpur (1993), and an MBA from Welingkar Institute of Management, Mumbai (1996).

Leadership and Strategic Initiatives
Parakh has been instrumental in:

Technology Selection: Promoting the use of advanced and efficient technologies in various projects.
Vendor Localization: Strengthening local vendor networks to reduce dependency on imports, thus improving operational self-sufficiency and sustainability.
Regulatory Compliance: Managing complex regulatory and tax issues to ensure smooth project execution and compliance.

His collaborative and assertive leadership has built strong relationships with both internal and external stakeholders, fostering team development and growth.

Future Vision
Under Parakh’s leadership, Reliance Power is set to further solidify its position in the energy sector, with an emphasis on sustainable growth and operational excellence. His wealth of experience and strategic vision will be key to driving the company’s future success.

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