Shri Sanjay Kulshrestha has joined as the CMD of HUDCO. Before joining HUDCO, he was working in REC for the past 17 years in the areas in power sector financing. He is an Electrical Engineer with over 32 years of experience in Infrastructure Financing.
For the first 15 years, he has worked in the areas of power project execution, high voltage substations and transmission lines at both State as well as Private sectors.
In 2006, he joined REC, initially in Mumbai and later moved to the Delhi Headquarters where he has been a Power Sector Financing expert for the last 17 years where he managed the techno-commercial appraisal of power sector projects and pioneered implementation of multiple government schemes.
In the last few years, he acted as the business head for State Operations as well as Private Sector Project Management (Generation, T&D and Renewables). He has been a member of various committees on Hedging, Risk, Infrastructure Financing, ALM, etc. and worked in close coordination with Ministry of Power, State Governments & power utilities, Private developers, RBI and Multilateral Development Banks. Additionally, he acted as the CEO of RECPDCL, an REC subsidiary working in power sector consultancy services.