EBRD Names New Energy Chief

The European Bank for Reconstruction and Development (EBRD) said January 24 that Nandita Parshad has been appointed as new managing director of its energy and natural resources division, effective the start of 2017.

The division invests over €2bn a year, about a quarter of EBRD's annual lending, and has a current €10bn-plus portfolio. She was previously director of EBRD's power and energy team where she oversaw an expansion of lending to renewable projects 

She replaces Riccardo Puliti who has moved to the World Bank to head its energy and extractive resources global practice.

EBRD's former energy md Riccardo Puliti (left) and Greek upstream firm Energean CEO Mathios Rigas at a loan signing last year (Photo credit: Energean)

Prior to joining the EBRD in 1992, Calcutta-born Parshad also worked for the World Bank in Washington DC and New Delhi. She holds two degrees from Princeton University.

Mark Smedley