New Delhi: The Ministry of Power has entrusted Sipan Kumar Garg, a seasoned finance professional and current Director (Finance) at THDC India Limited, with the additional charge of Director (Finance) at NHPC Limited. His appointment is effective from September 1, 2025, and will be valid for three months, or until a regular appointment is made, or until further orders—whichever is earlier.
Dual Role at Two Power Sector Giants
Garg will now shoulder key financial responsibilities at two major public sector undertakings (PSUs) under the Ministry of Power—THDC India Ltd. and NHPC Limited, both integral players in India’s hydropower and renewable energy ambitions.
At THDC, Garg has been serving as Director (Finance) since August 2024, while also holding the positions of Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). His additional charge at NHPC is expected to bolster financial oversight during a crucial period of growth in the power sector.
Over Two Decades of Financial Expertise
With more than 23 years of experience in finance, accounts, taxation, and commercial operations in the power sector, Garg brings in-depth expertise to his new role. Prior to joining THDC, he held significant leadership roles in NTPC Limited and its subsidiaries, such as:
- Aravali Power Company Private Limited
- Patratu Vidyut Utpadan Nigam Limited – where he served as CFO
- Koldam Hydro Power Project
- NTPC Corporate Accounts Group
Academic & Professional Credentials
Sipan Kumar Garg is a Bachelor of Commerce (Hons.) graduate and a multi-qualified finance expert. His credentials include:
- Chartered Accountant (CA)
- Cost Accountant (CMA)
- Company Secretary (CS) – Rank holder in the CS exam
- Bachelor of Law (LL.B.)
These qualifications, combined with his professional experience, have made him a sought-after name in public sector finance.
Recognitions and Professional Contributions
Garg’s leadership has been instrumental in achieving financial milestones. For example, during his tenure at Aravali Power, the company received its highest-ever credit ratings and recorded substantial savings on interest costs for long-term loans.
He has also been active in various professional forums. Highlights include:
Membership in committees of the Institute of Chartered Accountants of India (ICAI) such as the Committee on Public Finance and Government Accounting
Regular speaker on Accounting Standards and Ind AS at prestigious conferences
Awards & Honors:
- Visionary CFO of India – National Economic Growth Summit, 2024
- Certificate of Appreciation – Institute of Cost Accountants of India (ICMAI)
- Strategic Role During Energy Transition
With India’s power sector undergoing rapid transformation toward green and sustainable energy, Garg’s interim leadership at NHPC comes at a pivotal time. His stewardship will be key in maintaining financial discipline and aligning investment strategies with India’s Net Zero ambitions and renewable expansion goals.
Read also: NHPC’s Solar Expansion: 300 MW Bikaner Project Full Commissioning Now Due in September
About NHPC
NHPC Limited, a Government of India enterprise under the Ministry of Power, is India’s leading hydropower company with a growing presence in renewable energy. Established in 1975, NHPC is committed to sustainable development and social responsibility through a wide range of CSR programmes across the country.
