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Sunday, June 13, 2021

Director General TESCO | Newspaper Jobs

Director General TESCO | Newspaper Jobs: Tribal areas electric supply company TESCO. Applications invited for the position of Director General (MIRAD) in TESCO. The Tribal Areas Electricity Supply Company Limited (TESCO), is offering an opportunity to exhibit abilities and enlighten career as it intends to hire services for a senior independent position of a qualified professional who has sound knowledge of technical, financial matters, regulatory affairs, contract management and legal issues to establish and lead a newly created department in TESCO titled as Market Implementation and Regulatory Affairs Department (MIRAD). It is beginning of new era shaping the future dynamics of Distribution Companies. MIRAD is being established in each DISCO for implementation of the plan "Competitive Trading Bilateral Contract Market (CTBCM)" that aims at making power sector a competitive wholesale electricity market from single buyer model through its various activities after decision of ECC in 2015. CTBCM as already approved by NEPRA entitles a detailed design and implementation plan/roadmap to make competitive wholesale electricity market and requires DISCOs to have a dedicated department to assist its implementation. MIRAD as a dedicated central interface between DISCOs and the competitive electricity market will undertake market operations including bilateral contracts portfolio management, short and medium term demand forecasting, transmission planning and overseeing legal, finance and regulatory affairs within its proposed structure envisaged under CTBCM.

Title Details
Published Date 13-June-2021
Last Date 24-June-2021
Location Pakistan Peshawar
Organization Tribal areas electric supply company TESCO
Qualification Bachelor's Degree
Experience 15 Experience is required
Job Type Permanent Basis
Max Age Limit 55 Years
Salary N/A
Newspaper Daily Dawn Jobs
Jobs Positions General Director

AREAS OF RESPONSIBILITY: 

The incumbent will be hired as Director General who will head the new Market Implementation and Regulatory Affairs Department (MIRAD) and will work with Senior Management and support with BOD in taking decisions during implementation and operationalization of the Electricity Market. The position will act as a bulwark against the risks associated with the new market structure and will provide leadership and direction for implementation of the actions required for the implementation and operationalization of the electricity market on behalf of TESCO. The position will make sure that sections/sub-departments under its domain are fully equipped with the necessary infrastructure and tools required besides adequate training and capacity building of the relevant staff with specialized knowledge, skills, expertise and competencies to inter alia administer the market operations of the new department. DG MIRAD will assist in hiring and leading a team of 15-20 personnel consisting of Managers, Deputy Managers, Assistant Managers as well as the support staff. The head of MIRAD will lead, manage and coordinate, internally (within TESCO) & externally (with other entities such as CPPA, NEPRA, PPIB and other DISCOs etc.), the activities relating to the electricity market.

Main responsibilities:

Leading day to day functions of MIRAD. Overseeing the implementation of TESCO's actions with reference to CTBCM implementation road-map. Ensuring compliance of the regulatory directions pursuant to the electricity market Overseeing the Bilateral contracts of TESCO and their settlements, ensuring that capacity obligations of the DISCO are met. Leading contract negotiations and overseeing administration of the credit cover. Facilitating TESCO in the dispute resolution pertaining to the market contracts. Overseeing the preparation of project documents and leading the preparation of Strategic Business Plan for TESCO through close liaison with senior management and frequent interaction with TESCO Board. Overseeing Demand Forecasting and Transmission Planning activities within TESCO to ensure smooth functioning of the market. Preparing / facilitating finance and tariff department in filing and following up of tariff petitions and all related documentation in a timely manner to ensure commercial viability of TESCO and to ensuring that the market related aspects are covered in the revenue requirements. Facilitate the finance department in Calculation and management of credit cover/ guarantees. Participating in all regular regulatory hearings, workshops and meetings with the Government, NEPRA, CPPA, other licensees and power sector entities with regards to the implementation and operations of the competitive electricity market to represent the views of the TESCO on such platforms.

QUALIFICATION: Candidate should have a Bachelor's degree in Engineering or Finance or Accounting or Law or Management Sciences from reputable HEC recognized universities. Master's Degree in Business Administration would be an added advantage.

EXPERIENCE: Minimum 15-years of total experience including 10-years of experience in power or related sectors. The candidate should possess strong knowledge on the technical, commercial and financial matters of the utility business/power sector along with regulatory affairs, contract management and legal issues. The candidate having sound knowledge of competitive electricity markets will have added advantage. The candidate must demonstrate leadership, excellent communication and interpersonal skills, team building and management experience of running new establishments at senior level from base. The candidate must be able to independently handle the challenging situations of market identifying the best opportunities keeping in view interest of TESCO.

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