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 Privatization of UT discoms on monitor: Govt
August 23, 2022

Privatization of UT discoms on monitor: Govt

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New Delhi: India’s plan to denationalise electrical energy distribution firms (discoms) within the Union territories (UTs) has proven progress and the Union cupboard approval will likely be hunted for the award of the Dadar and Nagar Haveli utility, Union energy secretary Alok Kumar mentioned.

Additionally, the monetary bids for the Chandigarh discom will likely be opened subsequent week, with the technical analysis nearing completion.

Torrent Energy, ReNew Energy, Adani Group, NTPC Ltd, Tata Energy, and Sterlite Energy have bid to accumulate the Chandigarh discom. Each the processes noticed authorized challenges, however the plan is again on track.

Mint had reported earlier about India working to denationalise the discoms for eight UTs, the plan for which was articulated by Union finance minister Nirmala Sitharaman when she introduced the fourth tranche of the ₹20 trillion stimulus bundle to sort out the financial fallout of the pandemic.

Some UTs noticed authorized challenges, however the plan is again in play now, Union energy and new and renewable power minister R.Ok. Singh advised reporters after a overview assembly of state governments and head of discoms. Not like discoms run by state governments, discoms for UTs are administered by the Centre.

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Deloitte is working the sale course of for the discoms in Chandigarh, Puducherry, and Andaman and Nicobar Islands, whereas SBI Capital has the mandate for Dadar and Nagar Haveli, Daman and Diu, Jammu & Kashmir, and Ladakh.

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