POWER

Centre seeks to privatize discoms in UTs

India will privatize electricity distribution companies (discoms) in all its union territories, and explore public-private partnerships for power distribution in some states, Union power minister Raj Kumar Singh said.

The centre has informed the Union territories about the decision, Singh said at a digital interaction with power sector chief executives. Unlike discoms in states governed by the respective state governments, the eight Union territories are directly administered by the central government.

“So as far as the Union territories are concerned, we have decided that we will put in place a distribution system which is based on totally open, transparent, competitive, commercial principles. So, you people are welcome to compete,” Singh said at an event organised by lobby group Confederation of Indian Industry (CII).

The move comes in the backdrop of the government on Wednesday announcing a reform-linked ₹90,000 crore bailout package for fund-starved discoms, along with concessional tariffs.

Source
Livemint
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