The Electricity Act, 2003 has significantly enlarged the spectrum of responsibility of
CERC. Under the ERC Act, 1998 only the tariff fixation powers were vested in CERC. The new law of 2003 has entrusted on the CERC several other responsibilities in addition to the tariff fixation powers, for instance, the powers to grant license for inter-State transmission, inter-State trading and consequently to amend, suspend and revoke the license, the powers to regulate the licensees by setting performance standards and ensuring their compliance, etc.
VACANCY DETAILS :-
1. POST NAME - Principal Research Officer Finance
QUALIFICATION - CA/CMA/MBA
EXPERIENCE - 10 Years
SALARY - 1,10,000/- P.M.
LOCATION - Delhi
2. POST NAME - Senior Research Officer Finance
QUALIFICATION - CA/CMA/MBA
EXPERIENCE - 8 To 9 Years
SALARY - 94,000 To 1,03,000/- P.M.
LOCATION - Delhi
3. POST NAME - Research Officer Finance
QUALIFICATION - CA/CMA/MBA
EXPERIENCE - 4 To 7 Years
SALARY - 64,000 To 85,000/- P.M.
LOCATION - Delhi
4. POST NAME - Research Associate Finance
QUALIFICATION - CA/CMA/MBA
EXPERIENCE - 0 To 3 Years
SALARY - 45,000 To 59,000/- P.M.
LOCATION - Delhi
JOB DESCRIPTION :-
1. Technical scrutiny of tariff petition filed by CPSUs/ companies as regards financial and related parameters for its admissibility in time bound manner in line with requirement/s as laid down in regulations framed (as amended from time to time).
2. Freezing of Capital cost, admissible expenditure after analyzing claims taking into
consideration comments of beneficiaries and analyzing books of accounts, loan documents/data and other related information as furnished or as required by/from the CPSU on the basis of regulations framed (as amended from time to time).
3. Calculating tariff based on such frozen capital cost, additional expenditure etc. as
per regulations & providing input for draft orders.
4. Carrying out cost benefit analysis in case of Renovation and modernization claims
made by CPSU based on regulations and information supplied by the generator/transmission utility as the case may be.
5. To carry out financial analysis/ studies as well as financial modeling as and when
required.
6. Providing inputs on financial aspects for framing of various regulation/ amendments.
7. Scrutinizing applications & providing input for inter-state transmission licensee / UMPP and adoption of tariff in case of inter-state transmission licensee / UMPP.
8. Scrutinizing applications & providing input for trading licensee.
9. Providing financial opinion/ substantive financial advice on issues coming before the
Appellate Tribunal for Electricity (ATE), High Court (HC) and Supreme Court (SC).
Assisting in framing of replies in this regard.
10. Loan reconciliation of generating/ transmission companies (tariff of which is decided
by the Commission) based on information in balance sheets and other additional information as submitted/called for by/from the companies.
11. Balance sheet analysis of each financial year during the five year period (2009-14).
Comparison of accounting data & reconciliation with Regulatory data, deviation analysis with reasons.
12. Matter related with generic tariff for various sources of renewable energy and
financial issues.
13. Other related misc. work.
SELECTION PROCESS :-
(a) The selection process is through interaction. However, written examination
shall be conducted, if required, based on the decision of the Consultancy Evaluation Committee (CEC).
(b) Only candidates who strictly fulfil the eligibility criteria will be shortlisted and
called for written examination and interaction;
(c) Only the candidates who qualify in the written examination will be called for
interaction;
(d) The final selection of the candidates shall be based on the ranking/merit of
combined score of the qualification, experience, performance in written examination and interaction.
(e) Candidates called for interaction would be required to bring original documents
relating to qualification, experience and salary slip for the past six months. These
documents shall be examined before interaction with the selection committee.
(f) In case of non-submission of the salary slip for the last six months of employment, the candidate will be considered for selection at the minimum range of the scale.
(g) Candidates may apply for one or more posts as per their eligibility. However, no
TA/DA shall be admissible for attending written examination and interaction for each advertised post at New Delhi.
(h) The decision of CERC shall be final.
HOW TO APPLY :-
Interested and eligible candidates may kindly send their applications, in the
prescribed format to the Assistant Secretary (P&A), Ground Floor, Chanderlok Building, 36,
Janpath, New Delhi by 10th December, 2022 by 5.00 PM.
LINK FOR OFFICIAL NOTIFICATION & APPLICATION FORM - CLICK HERE
LINK FOR OFFICIAL WEBSITE - CLICK HERE
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