New Delhi, May 22 -- The Public Enterprise Selection Board (PESB) has found none of the 12 candidates suitable for the role of chairman and managing director (CMD) of India's largest power producer NTPC Ltd, and has asked the power ministry to look at options including a search-cum-selection committee.

Having interviewed the 12 candidates the headhunter for state-run companies met to select the next CMD on Wednesday.

"The Board did not recommend any candidate for the post and advised the Administrative Ministry/Department to choose an appropriate course of further action for selection including the search-cum-selection committee (SCSC) or as deemed appropriate with the approval of the competent authority," said a notification from the P...