Mr. Mohan Menon
Mohan Menon is a power sector professional with more than three decades of experience in the Indian bulk electricity sector, covering planning, management and monitoring of large & complex power projects both during construction & during operations, negotiation and implementation of power purchase agreements, understanding and addressing investor & lender concerns, and helping find solutions for issues relating to transmission access, power market operations and fuel availability.
His career encompasses tenures over the entire spectrum of ownership namely the Public Sector, Public-Private Partnerships and the Private Sector, enabling a more balanced understanding of the concerns of various stakeholders and the ways to address them optimally.
He has previously worked for leading Indian power sector companies, including NTPC where he was involved in project planning, operations monitoring and execution of coal & gas based generation plants, PTC India where he oversaw the drafting, negotiation & implementation of long term power purchase and sale contracts with multiple IPPs & distribution utilities, and then a large private power project enterprise with assets of over 5,000 MW under development, where he guided the power markets strategy and was also involved with early stage development issues of renewable energy projects, particularly biomass based.
He has participated in several international exchange programmes in the area of electricity markets & regulation, with NORDPOOL - the world’s pioneering multi-country electricity pool, PJM Network - the leading power trading platform in the United States and several events covering electricity partnership issues in the South Asian region.
He advises companies on investment strategies in both conventional and renewable power generation, on transmission and fuel access issues, on electricity pricing including key drivers like fuel and transmission costs, on power market regulations, PPAs and project execution. Some of the recent assignments include:
- Advisory services to an investment company for due diligence on project contracts, fuel security and tariff viability for a strategic investment in a power project;
- Advisory services to a major Indian listed company specializing in power equipment manufacturing & installation and now foraying into third party O&M services, in their negotiation of O&M contracts, with particular emphasis on PPA and UI (grid operation) risks;
- Advisory services on risk allocation & bidding strategy to a major Indian listed company for a successful bid for India’s first ever MW scale geothermal power project involving deep drilling;
- Partnering an international consulting firm in delivering strategic advisory support to a major European power company considering entry into the Indian Power Market.
Some key clients include Thermax Ltd., IDFC Projects Ltd., J. Sagar Associates, Religare Capital Markets, ICF Consulting (India), Canasia Power Corp, Athena Energy Ventures Pvt. Ltd., etc.
Mr. Menon is the owner of Balsa Consulting, a firm engaged in advisory services on power market strategy, pricing & commercial agreements and project management for the bulk power business. He is also a Non-Executive Director on the Boards of the Power Project SPVs of the Delhi-Mumbai Industrial Corridor being set up by the Indian Government in partnership with the Japanese Government.
Mr. Menon holds a Bachelor’s degree in Electrical Engineering from the National Institute of Technology at Bhopal, and a mid-career MBA degree from the Faculty of Management Studies, University of Delhi.