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Power Ministry aims to privatise discoms in Union Territories by January 2021

Under the Aatam Nirbhar Bharat announcements, Finance Minister Nirmala Sitharaman on May 16 announced the privatisation of distribution companies (discoms) in the Union Territories (UTs). CNBC-TV18 has learnt that the power ministry is looking at January 2021 as the deadline for this and some other states have also shown interest regarding the same.

Discoms’ losses on account of power supply termed as aggregate technical and commercial (AT&C) were at 22.1 percent in FY19 and as per provisional data, it stands close to 19.19 percent in FY20.

People in the know have told CNBC-TV18 that some states like Uttar Pradesh, Madhya Pradesh, Assam, Jharkhand, Karnataka, Goa, Haryana, and Gujarat have too shown interest in privatising their loss-making discoms.

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