| | MARCH 20248Aon, a professional services firm headquartered in the UK, has named Rishi Mehra as its new Head of India, effective immediately. Mehra will operate from Mumbai and will directly report to Anne Corona, who serves as the Chief Executive for Asia Pacific at Aon. Additionally, Mehra will become a member of the firm's Asia Pacific executive committee and the global executive leadership team.Collaborating closely with Jon Pipe, the CEO of Aon India Insurance Brokers, and Nitin Sethi, the CEO of Aon Consulting, Mehra will integrate the combined expertise across risk, health, wealth, and talent consulting under a unified leadership structure, as stated in a release by Aon. Mehra will additionally assume a pivotal role in facilitating the integration of Global Insurance Brokers throughout the year. Upon finalization, this acquisition will enhance Aon's capabilities, uniting an integrated team of approximately 1,000 colleagues across India."I am delighted to unite India under Rishi's leadership. His business acumen, combined with his experience as CFO will accelerate our ability to deliver Aon United capabilities to our clients. Rishi will build on the team's success and strengthen collaboration across India to help our clients shape business decisions for the better", said Corona.Having joined Aon in 2003, Mehra has held various senior finance positions across the Asia Pacific region. His most recent role was serving as the Chief Financial Officer for Asia and Greater China. Prior to his tenure at Aon, he gained experience at PepsiCo and PwC in India, where he worked in consulting and business planning capacities."We have so much opportunity ahead of us in a very unique and thriving economy, and I look forward to working with the team to unlock India's growth potential leveraging our risk capital and human capital capabilities to deliver insights and scalable solutions to help our clients make better decisions to protect and grow their businesses", said Mehra. In accordance with the Electricity Amendment Rules released on December 29, 2022, Grid India has formally declared the implementation of a standardized renewable energy tariff (URET) system, endorsed by the Ministry of Power on October 25, 2023. This endeavor is poised to transform the dissemination of renewable energy throughout the country, commencing with the introduction of two core pools: the 'Solar Power Central Pool' and the 'Solar-Wind Hybrid Central Pool'.Scheduled to commence operations on February 15, 2024, these pools will operate according to the regulations outlined in Rule 19 of the Electricity Amendment Rules, 2022, subject to potential updates. The objective of the initiative is to integrate solar and solar-wind hybrid projects, tendered after February 15, 2024, in accordance with India's bidding regulations, into their respective pools. A distinctive feature of these pools lies in their operational approach, which adopts a First in First Out (FIFO) strategy. This implies that the capacity from solar and solar-wind hybrid projects, determined by the sequence of their Letter of Award (LoA), will be allocated and utilized in the order they are received.The deliberate adoption of the URET mechanism reflects India's dedication to bolstering its renewable energy infrastructure, guaranteeing a smooth and fair allocation of renewable resources nationwide. NTPC Ltd, NHPC Ltd, SJVN Ltd, and Solar Energy Corporation of India Ltd are designated as Intermediary Procurers for executing the URET procedures. This step is anticipated to make a substantial impact on India's sustainable energy objectives by enabling a proficient and harmonized distribution of renewable resources throughout the country. AON NAMES RISHI MEHRA AS THE NEW HEAD OF INDIAMINISTRY OF POWER UNVEILS SOLAR POOL & APPOINTS INTERMEDIARY PROCURERSIN FOCUSIN FOCUS
< Page 7 | Page 9 >