Varanasi discom among ones to be privatised; UPPCL working out details for takeover

The Uttar Pradesh Power Corporation Ltd is believed to be working out assets and liabilities of the discom as on March 31 for its takeover by a private company probably by the year-end
The discom employees protesting against the privatisation have been assured that service conditions will not be inferior in any manner after private firms take over.(Representational Image)
The discom employees protesting against the privatisation have been assured that service conditions will not be inferior in any manner after private firms take over.(Representational Image)
Updated on Sep 24, 2020 04:47 PM IST
Copy Link
Hindustan Times, Lucknow | By Brajendra K Parashar

The Purvanchal Vidyut Vitran Nigam Ltd, also known as Varanasi discom (distribution company), is among the country’s discoms identified for privatisation, people aware of the matter said on Thursday.

The Uttar Pradesh Power Corporation Ltd is believed to be working out assets and liabilities of the discom as on March 31 for its takeover by a private company probably by the year-end.

The Union power ministry has uploaded the draft standard bidding documents for the privatisation of the distribution companies in states. The documents have been issued for encouraging and supporting the acceleration of private sector participation in power distribution utilities across the country, it said while inviting public comments by October 5.

Also read: Under Saubhagya scheme for electrification, 82% rural power bills unpaid in UP since April

The documents were uploaded on the ministry’s website on September 22 for the states to follow for inviting the technical and financial bids, the terms and conditions for participants, the timelines, etc.

The discom employees protesting against the privatisation have been assured that service conditions will not be inferior in any manner after private firms take over.

UP Rajya Vidyut Upbhokta Parishad president Avadhesh Kumar Verma said the uploading of bidding documents on the ministry’s website is the first written document in the public domain, vindicating their fears about the government plans on privatisation of power distribution.

SHARE THIS ARTICLE ON
Close Story
SHARE
Story Saved
OPEN APP
×
Saved Articles
My Reads
Sign out
New Delhi 0C
Saturday, October 23, 2021