Celebrating success

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Profile

Bright spark

Image of a man wearing a suit and smiling. He is holding up an award and standing in front of a backdrop with the IAM and IAM Annual Conference 2026 logos behind him

Naveen Srivastava receiving the IAM McKeown Award for Individual Achievement

Naveen Srivastava receiving the IAM McKeown Award for Individual Achievement

Not many people can boast of industry knowledge – or, indeed, company loyalty – as extensive as that of Naveen Srivastava. His journey in power utilities started almost 38 years ago, when he joined the Power Grid Corporation of India after graduating from the National Institute of Technology, Durgapur.

'I started my career in 1989, at Power Grid Corporation of India, working my way from Asset Management Executive through to managerial and executive director roles,' he tells me.

Srivastava has been Director of Operations for almost two years and is responsible for the asset management of all the assets Power Grid holds. He is also one of the company’s board directors.

Power up

'Our asset base is worth US$33bn – we are responsible for more than 80 per cent of India’s nationwide, high-voltage electricity transmission network,' Srivastava explains. 'Our power availability is one of the best in the world, at more than 98 per cent – last year [2025] it was 99.84 per cent! And this is all down to the asset management.'

In India – a huge country, with varying terrain, that regularly encounters inclement weather – this is no small feat. Keeping the lights on is a constant challenge.

'Because India has such a complex grid, and the atmospheric and geographical conditions are so varied, we have to work hard to ensure reliability,' Srivastava says. 'Whatever types of natural calamity are out there, you will find them here – drought, flood, extreme temperatures. Our system needs to be resilient to all these conditions. It can also be challenging to carry out regular maintenance, such as in Kashmir, where the snow can be deep, or Banda, where temperatures can be so high. But we are introducing new technology so these challenges can be mitigated.'

Other challenges faced are familiar to many in asset management – retrofitting ageing assets and resistance to building new assets because people don't want them close to their homes.

'Another issue is cybersecurity, so we are working on legislation to help tackle that,' says Srivastava.

Grid complexity

The complexity of India’s grid should not be underestimated. It has five regional grids, but the Indian Electricity Grid Code (IEGC) mandates that grid operators maintain only one frequency band (49.90hz to 50.05hz), helping electrical stability, minimising energy loss and preventing equipment damage.

India’s power grid uses extra-high-voltage (EHV) 765kV substations to transmit massive amounts of electricity over long distances with minimal losses. Power Grid Corporation of India has played a crucial role in adopting the new technology that this requires.

'We feel proud to be the first country in the world to work on just one frequency,' says Srivastava. 'Power Grid Corporation of India’s logo is "one grid, one frequency, one India". I am very proud of my corporation for that. I am also proud that we are always open to trying new things.'

As may be expected, Srivastava is a huge asset-management advocate. 'No matter which asset management legacy system we are using, my view is the core competency should go along with the new technologies coming through,' he says. 'We are doing a lot of work on legislation to ensure that the best technology in the world is available to us.'

But, he adds, the most important thing any asset manager needs is a supportive team. 'I have the strongest team in the world – I am so proud of them.'

Three men in suits, holding up drinks and smiling into the camera

Srivastava with colleagues Ravi Sushant Chaudhary (middle) and Ashim Kumar

Srivastava with colleagues Ravi Sushant Chaudhary (middle) and Ashim Kumar

Tell us about….

Receiving the individual achievement award

This is not just my award – it is my team’s award. Everyone in my team contributed to it because they have such knowledge and wisdom that they are happy to share. For example, of the 151 papers selected from India for the prestigious energy congress CIGRE Paris Session, more than 50 per cent were authored or submitted by Power Grid. We feel proud that our people have such great wisdom and knowledge to share, and they are always prepared to take on challenges.

IAM India Chapter

I am a huge supporter of the IAM India Chapter – it is going to be game-changing for asset management. Before, there was not a platform where asset management was given the priority. Asset management is crucial for so many sectors – transport, utilities, construction – so to have a platform for advancing the profession is going to be great and will do so much work for which India can be really proud.

How you spend your free time

My family are everything to me – my wife, Amita, is my inspiration. Working in essential services has meant that sometimes I have to give more time to work, but they have always supported me. My children are grown up now and I love spending time with them. When I get some free time, I like to roam – I love visiting new places and discovering new things.

 Advice to the next generation

So much is changing in the world – and in the power industry it is no different. Keep focusing on your subject, keep learning, keep trying to do new things, keep bringing fresh ideas to each area of work – and this world is open for you. For those working in the power sector, remember that everything is going to run on electricity and electricity is the best commodity to support the economy of a country. So be committed, do your best, and the results will come.

Three men in suits holding up awards, standing in front of IAM Annual Conference 2026 and IAM logos

Naveen Srivastava (middle) with colleagues Ashim Kumar (left) and Ravi Sushant Chaudhary

Naveen Srivastava (middle) with colleagues Ashim Kumar (left) and Ravi Sushant Chaudhary

"This is not just my award – everyone in my team contributed to it"
Image of  three people – two women and one man – holding up an award with IAM logos behind

Naveen Srivastava receiving his award from IAM Deputy President Toby Kizner (left) and IAM CEO Ursula Bryan

Naveen Srivastava receiving his award from IAM Deputy President Toby Kizner (left) and IAM CEO Ursula Bryan

Turn to the contents page for more articles on leadership and culture. You may also be interested in this article on the India Chapter

IAM Asset Management Excellence Awards 2026

The IAM Excellence Awards 2026 were held on Wednesday 17 June, in London, following the first day of the IAM Global Conference. Well done to all the individuals and organisations shortlisted – and congratulations to the winners! Enjoy exploring their stories below

Eason Award for Digital Innovation

Winner: PA Consulting (Worldwide)

Hear from the winners PA Consulting (Worldwide)

Hear from the winners PA Consulting (Worldwide)

Runners-up: Enerjisa Uretim (Türkiye) / MACE Qatar Contracting and Engineering Company (Qatar) / Ministry of Finance, UAE (UAE Chapter winner) / K-Electric (Pakistan) / Morganti GCC, KSA (KSA Chapter winner)

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Organisational Transformation Award

Winner: Kerry Ingredients, APMEA (Malaysia)

Hear from the winners Kerry Ingredients, APMEA (Malaysia)

Hear from the winners Kerry Ingredients, APMEA (Malaysia)

Runners-up: Dar Al Riyadh Group, KSA (KSA Chapter winner) / Hartsfield-Jackson Atlanta International Airport, US (NA Chapter winner 2025) / North London Waste Authority/LondonEnergy, UK (UK Chapter winner) / Dubai Municipality, UAE (UAE Chapter winner)

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Team Achievement Award

Winner: DE Nieuwe Ingenieurs BV, Netherlands (Netherlands Chapter winner)

Hear from the winners DE Nieuwe Ingenieurs BV, Netherlands (Netherlands Chapter winner)

Hear from the winners DE Nieuwe Ingenieurs BV, Netherlands (Netherlands Chapter winner)

Runners-up: University of Cambridge Asset Management Team (UK Chapter winner) / Al Ain City Municipality Ops and Maintenance Team (UAE Chapter winner) / Connect Plus, UK / National Gas, UK / TAQA Water Solutions, UAE (UAE Chapter winner) /UK Power Networks

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McKeown Award for Individual Achievement

Winner: Naveen Srivastava (Power Grid Corporation of India)

Read more about Naveen's asset management journey in this issue

Hear from the winner Naveen Srivastava (Power Grid Corporation of India)

Hear from the winner Naveen Srivastava (Power Grid Corporation of India)

Runners-up: Sarp Buğra Genç, Socar Türkiye / Professor José Farinha, ISEC, Portugal / Kingof Kofi Opoku-Ohemeng, KIS Plus, UK / Afnan Abdulhamid Abdulla, Dubai Culture and Arts Authority (UAE Chapter winner) / Mohamed Abdul Rahman Siddiqui, TUV Rheinland Gulf, Qatar

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Your AM Journey

Career pathways

Image of a woman holding up an award standing in front of the IAM logo and Annual Conference 2026 logo

Dr Mariam Karrani won the NxtGen Award at the IAM Excellence Awards. An engineer, researcher and passionate professional, who advocates for continuous learning and development, she has built her career over the past decade within Etihad Water and Electricity. She shares how she came to be involved in asset management, her proudest achievement and the people who have inspired her

When did you start working in asset management?

I've had the privilege of being part of Etihad Water and Electricity for almost nine years. My journey began in project management, by developing a strong engineering foundation and delivering major projects. Around two years ago, I moved into asset management and it opened up a whole new perspective for me. It shifted my focus from delivering assets to creating long-term value from them. Since then, I've been fortunate to contribute to the development of our asset management system (AMS) and support the organisation's asset management transformation journey.

Which professional achievement are you most proud of, and why?

Playing a key role in the development and implementation of Etihad Water and Electricity's AMS, which contributed to the organisation's successful achievement of ISO 55001:2024 certification.

What makes this achievement especially meaningful is that it was delivered through our own internal capabilities. With the vision, trust and continuous encouragement of our leadership, together with the dedication and collaboration of our cross-functional teams, we were able to design, develop and implement a comprehensive AMS tailored to our organisation's needs.

For me, the certification was never just about meeting a standard; it was about embedding a culture of value-based decision-making, continuous improvement and long-term sustainability across the organisation. Being part of that transformation has been one of the most rewarding experiences of my career.

What advice would you give to other young people looking to progress in the profession?

Stay curious, keep learning and never underestimate the value of stepping outside your comfort zone. Every new challenge is an opportunity to grow, even if it feels unfamiliar at first.

Invest in developing both your technical and personal skills, seek guidance from people around you, and don't be afraid to ask questions or take on responsibilities that stretch your abilities.

Most importantly, be patient with your journey. Success doesn't happen overnight; it is built through consistency, perseverance and a genuine passion for making a positive impact. Every experience, whether it's a success or a setback, contributes to your growth.

"Winning the NxtGen Award has motivated me even more to continue learning, and to inspire other young professionals to believe that, with dedication and the right support, anything is possible"

How did you feel when you were announced as the winner of the NxtGen Award?

It was a truly unforgettable moment. I felt honoured, grateful and incredibly proud.

Representing my organisation, Etihad Water and Electricity, as well as receiving such international recognition from the IAM was humbling and inspiring. While the award carries my name, I see it as a reflection of everyone who has supported my journey – my organisation, leaders, colleagues and family. Their trust, encouragement and belief in my potential have played a significant role in every achievement along the way.

Furthermore, winning the NxtGen Award has motivated me even more to continue learning, and to inspire other young professionals to believe that, with dedication and the right support, anything is possible.

Which three people have had the most influence on your career?

The first would be my leaders and managers, who believed in my potential from an early stage, entrusted me with meaningful responsibilities, and continuously challenged me to grow, professionally and personally.

The second would be my colleagues and teammates. Working with passionate and knowledgeable people has taught me that great achievements are never the result of individual effort alone – they come from collaboration, mutual support and learning from one another.

Finally, my family has been my greatest source of encouragement throughout my journey. Their constant support, belief in my abilities and encouragement to pursue my ambitions have given me the confidence to continue learning, embrace new challenges and strive for excellence.

Runners-up: Ahmad Hamad AlArif (Community Development Authority); Aisha Salem Al-Kubaisi (Ashghal); Justin Brassett (Mott MacDonald – UK Chapter winner); Kimberly Kelley (Charlotte County Utilities – NA Chapter winner); Nazima Yasmeen (PiLog Group)

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