Mr Nitin Choudhary

Nitin R. Choudhary, MCIArb, CEng (India)
Energy & Infrastructure | Arbitration | Regulatory Disputes | Project Finance
Senior professional with more than three decades of experience in the energy and infrastructure sector, combining expertise in engineering, finance, law, and dispute resolution. Currently serving as Outstanding Scientist & Executive Director (Commercial) at Nuclear Power Corporation of India Limited (NPCIL), a Central Public Sector Enterprise under the Department of Atomic Energy, Government of India.
Experienced in electricity tariff regulation, infrastructure project finance, power purchase agreements, contractual claims evaluation, and regulatory litigation. Has represented the organisation in proceedings before regulatory and appellate authorities including the Central Electricity Regulatory Commission, Appellate Tribunal for Electricity, and the Supreme Court of India.
Member of the Chartered Institute of Arbitrators (London) and Chartered Engineer with the Institution of Engineers (India).

Professional Experience
Outstanding Scientist & Executive Director (Commercial)
Nuclear Power Corporation of India Limited
November 1991 – Present
Key managerial position one level below the Board of Directors responsible for commercial, financial, and regulatory aspects of nuclear power projects.
Key Responsibilities
• Negotiation and structuring of Power Purchase Agreements (PPAs) with electricity distribution companies.
• Determination and regulatory approval of electricity tariffs for nuclear power plants.
• Resource mobilisation through loans and bonds for financing infrastructure projects.
• Financial appraisal and evaluation of nuclear power projects.
• Evaluation of contractual claims and commercial disputes arising in infrastructure and engineering contracts.
• Representation of the organisation in regulatory and appellate proceedings before:
◦ Central Electricity Authority,
◦ Central Electricity Regulatory Commission
◦ Appellate Tribunal for Electricity
◦ Supreme Court of India
Corporate Finance Roles (1996 onwards)
Held progressively senior positions including:
• Manager
• Senior Manager
• Deputy General Manager
• Additional General Manager
• General Manager
• Associate Director
Responsibilities included:
• Infrastructure project financing
• Tariff filings and regulatory proceedings
• Financial evaluation of engineering and construction contracts
• Analysis of commercial disputes and contractual claims
Seismic Engineering (1991–1996)
Worked in the field of seismic engineering analysis of nuclear power projects, including response spectrum analysis for structural safety of nuclear installations.

Arbitration Qualification
Member (MCIArb)
Chartered Institute of Arbitrators, London
Since February 2026
• CIArb Associateship Examination – August 2025
• CIArb Membership Examination – February 2026

Professional Memberships
Chartered Engineer (CEng)
Institution of Engineers (India)
Since 1992
Member (MCIArb)
Chartered Institute of Arbitrators, London

Education
Master of Laws (LL.M. – Professional)
Maharashtra National Law University Mumbai
2021
Bachelor of Laws (LL.B.)
University of Mumbai
2009
Chartered Financial Analyst (CFA)
ICFAI-Institute of Chartered Financial Analysts of India,
1998 – All India Rank 6
Post Graduate Programme in Management of Business Finance
Indian Institute of Finance, New Delhi
1992–1994
Bachelor of Civil Engineering (Structural Engineering)
VJTI, Mumbai
1991 – Second Rank

Areas of Expertise
• International commercial arbitration (energy and infrastructure sector)
• Electricity tariff regulation
• Power purchase agreements
• Infrastructure and project finance
• Contractual claims and dispute evaluation
• Energy sector regulatory litigation
• Financial modelling and project appraisal

Sectoral Specialisation
• Nuclear energy projects
• Electricity markets and tariffs
• Infrastructure and engineering contracts
• Public sector infrastructure financing