POWER

Preparation for privatisation: Chandigarh compiling list of power department assets

An asset count is on in the Union Territory’s power department before the unbundling and privatisation.

A senior UT official said the administration will hand over a list of electricity towers, offices, and equipment etc. to the Union government’s consultant. The Centre-appointed and state-run Power Finance Corporation (PFC) had appointed multinational company Deloitte as consultant recently.

In May, Union finance minister Nirmala Sitharaman had announced to privatise the electricity distribution companies of the UTs.

Source
ET Energy World
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