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Apex court vacates stay on Chandigarh power department’s privatisation

The Supreme Court on Tuesday vacated the stay by the Punjab and Haryana high court on the privatisation of the UT electricity department. The SC order came on a petition filed by the Chandigarh administration against HC’s order of staying the directive of the UT administration, wherein it had floated a tender for privatisation of the electricity department.

UT adviser Manoj Parida said power department privatisation would be put on fast track now.

On December 1, the high court had stayed the privatisation till the next hearing and issued a notice to the Union government, the UT administration and the UT chief engineer on a petition filed by Gopal Dutt Joshi, general secretary of the UT Powermen’s Union. While challenging the UT’s decision to float a tender for privatisation, the petitioner had submitted that the electricity rates were less in Chandigarh in comparison with the neighbouring states and still the department was in profit. Despite the good financial state, the UT administration wanted to privatise it, he said.

Source
economictimes
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