COMMISSIONERS

Krushna Chandra Badu, Commissioner

Shir K. C. Badu, IAS (retired voluntarily on 31.3.2007) formerly Special Secretary to Govt., Finance Department, Orissa, joined the Orissa Electricity Regulatory Commission on 4th April, 2007. Born on 18th July, 1947, Shri Badu has done Masters Degree in Chemistry.

He joined the Orissa Finance Service (Senior Branch) in 1974 and worked in different capacities such as Treasury Officer, Commercial Tax Officer and Financial Adviser before getting selected to I.A.S. in 1994. He was posted as Collector and District Magistrate, Boudh from 8.5.1995 to 7.8.1996 and Director, Fisheries from August to December 1996. He became Member Secretary, Orissa State Finance Commission on 01.01.1997. In October 1997, he became Additional Secretary, Department of Finance and on 01.09.2004, he assumed the Office of Commissioner-cum-Special Secretary, Department of Finance, Govt. of Orissa on promotion to suppertime scale of pay in IAS. He was also kept in overall charge of finance department w.e.f. 1.4.2006 to 30.6.2006.

During his illustrious career he had marked his presence felt wherever posted in different capacities. In the Finance Department of Govt. of Orissa he has dealt with various financial and developmental issues of Eighth, Ninth, Tenth and Eleventh Plans. Besides this, he has taken up the State’s case for projection before the Tenth, Eleventh an Twelfth Finance Commissions. Because of his persistent efforts Orissa could get a favourable dispensation from the Twelfth Finance Commission.

He had made substantial contribution to the formulation and implementation of policies involving State Finances, Public Enterprises Reform and Power Sector Reform. He was instrumental in publishing White Paper on Orissa State Finances in March 2001 outlining various policies on Fiscal Restructuring. Orissa budget at a glance published annually is the brain work of Shri Badu and has been appreciated by RBI, different funding agencies etc. and now being adopted as model by other states.

Under his able stewardship and guidance and with the support from others the revenue deficit of the State has been reduced from Rs.2574.19 crore in 1999-2000 to Rs.522.30 crore in 2004-05. In fact, Orissa has been converted to a revenue surplus state with revenue surplus of Rs.481.19 crore in 2005-06 after a gap of more than 22 years. Addition of net loan on yearly basis and interest payment as percentage of revenue receipt are now on the declining path. There is more fiscal space now for undertaking development.

Shri Badu has substantially contributed to the turning around of the Orissa’s Finances which were characterized, in the past, by high revenue and fiscal deficit, rising debt burden and consequently limited resources for the development activities. He was instrumental in restructuring the State Finances and overcoming the financial crisis of the State.

He has attended many national and international training programmes and workshops including Performance Audit sponsored by Commonwealth at Lahore and World Bank conference on Fiscal Responsibility and Inter-governmental Finance in India at ASCI, Hyderabad. He played a crucial role in finalizing the agreement with World Bank and Govt. of India for sanction of performance linked assistance under the Orissa Socio- Economic Development Loan/Credit – (Structural Adjustment Loan – SAL)

Shri Bijoy Kumar Misra, Member

Shri B.K. Misra, formerly of Indian Engineering Service, joined the Orissa Electricity Regulatory Commission as Member on 6th April, 2009 after serving about 37 years in Govt. of India and Bhutan. Born on 1st October, 1949 in Puri, Orissa, he graduated in Electical Engineering in 1st class Honours in 1971 from REC, Rourkela (now NIT Rourkela). In the same year, he joined Central Electricity Authority (CPES Cadre).

In an illustrious career spanning over 38 years he has worked in various organizations viz Paradip Port Trust, EREB, Kolkata, NREB, New Delhi, Chukha Project Authority, Bhutan, Ministry of Power as OSD (Tariff)/Director, and CEA, HQ as Director/Chief Engineer, Secretary, CEA, Director (Technical) in Tala HEP (1020 MW) and Punatsangchhu HEP (1200 MW) in Bhutan.

Shri Misra has been nominated as Member of NIT – Rourkela in 2003-2008. He has been appointed as Director on the Board of Haryana Vidyut Prasaran Nigam Ltd. (HVPNL) and Member of Audit Committee of HVPNL, Haryana. He is also selected as external guide for Doctorate in Business Management Programme of AMU, Aligarh. He is also recipient of ‘RAJIV GANDHI SADHBHAVNA AWARD – BEST ENGINEER OF THE YEAR 2007’ received at the Prestigious award ceremony conducted by Rajiv Gandhi Forum on the occasion to observe 16th Death Anniversary of Bharat Ratna Late Rajiv Gandhi.

He has authored a number of technical papers and attended National and International Seminars and presented Keynote address on the subjects on Bulk Power Tariff, PPA, Tariff Issues and Concerns, Integrated Operation in Power Sector and Regulation in Power Sector etc. He has been nominated as India representative and read a paper on Indian Electric Power Market and Opportunity Available for the foreign Investors in the conference at New Orleans - USA. The paper published in Electrical World, Mc Grow Hill, New York. In 2005, he presented paper on “Regulations in Electricity Sector” in the All India Symposium on Electricity Laws conducted by Bar Council of Orissa, High Court, Cuttack.

He has undertaken specialized training in Load Despatching and Communication in the works of M/s Siemens AG, West Germany and visited all European Countries and USA to deliver lecture/keynote address in various seminar/conference. In February’09, he was invited by Technical University Vienna, Austria to give keynote address on key issues of Underground Power House and Tunneling in an International Seminar on Hydro Power Development.

Former Commissioners