Prem Prakash Srivastava, chief executive officer (CEO) of PFC Consulting Limited (PFCCL) and PFC Capital Advisory Services Limited (PFCCASL), wholly owned subsidiaries of Power Finance Corporation (PFC), comes with nearly four decades of experience in the power sector. Srivastava joined PFCCL as executive vice-president in 2011 and has since been responsible for business development, project execution, and commercial, human resource and corporate social responsibility functions. “As the renewable energy and transmission and distribution segments are now at the fore and considerable activity is expected in the next five to seven years, we are focusing more on these segments,” says Srivastava.
In the past, Srivastava has worked with NTPC Limited, Power Grid Corporation of India Limited, SJVN Limited and PFC in various roles. He has diverse experience in extending advisory services, including implementation of reforms and restructuring of the state power utilities; project management; selection of project developer as per the provisions of the Electricity Act 2003; preparation of DPRs and coordination with government agencies, financial institutions, corporates, regulators; etc.
Talking about his association with PFCCL and PFCCASL, Srivastava says, “Operating under modest profit margins, handling assignments in diverse domains and geographies, and coordinating with government agencies with a limited set of executives of the company at most times involves tightrope walking. But, when you succeed, the experience is extremely satisfying and encouraging.”
Srivastava is passionate about CSR and firmly believes that it makes good business sense for organisations to integrate CSR into their business strategies. He is also a frequent speaker at management and CSR conclaves and summits.
A mechanical engineer from the Motilal Nehru National Institute of Technology, Allahabad, he also holds a master’s degree in management and systems from IIT Delhi. In addition, he holds a postgraduate diploma, a master’s degree and an M.Phil. in theology from the Dayalbagh Educational Institute, Agra. In his spare time, Srivastava likes to travel and is also an avid reader. He writes occasionally and has contributed a chapter each to two books – Corporate Social Responsibility: A New Mantra for Enhanced Business Performance, and Essentiality of Emergence of a Universal Religion: The Futuristic Religion of Consciousness.