Live
- Thousands Pay Tribute to Lance Havaldar Anoop Poojary in Udupi
- People should take advantage of Pradhan Mantri Surya Ghar: Muft Bijli Yojana: PM
- Tata Group to create 5 lakh manufacturing jobs over next half decade: N. Chandrasekaran
- Hansika’s charm remains undeniable
- Housing Sales Decline 4% in 2024, but Sales Value Rises 16% in India’s Top Cities: ANAROCK
- VHP to launch campaign from Jan 5 to free temples from govt control
- Israeli far-right minister visits flashpoint Jerusalem holy site, sparking criticism
- Keralites gulp down liquor worth Rs 152 crore over Christmas period
- Nani exudes style & intensity in ‘HIT 3’ new poster
- Journalist-writer Dr Rentala Jayadeva comes with a book ‘Mana Cinema.. First Reel’
Centre sweetens discom privatisation plans
Centre sweetens discom privatisation plans
The central government has sweetened the deal to privatise state-owned power distributions operations in Union Territories as 100 per cent equity holding will be sold only in financially viable utilities while it will retain 26 per cent stake in weaker discoms expected to have continued need for subsidised retail tariffs.
New Delhi: The central government has sweetened the deal to privatise state-owned power distributions operations in Union Territories as 100 per cent equity holding will be sold only in financially viable utilities while it will retain 26 per cent stake in weaker discoms expected to have continued need for subsidised retail tariffs.
Also, the power purchase agreement (PPAs) of only better performing discoms having retail tariffs that cover the cost of power purchase will be assigned to the purchaser. Discoms making losses on sale on power will continue to be supported by the state-owned entity for a specified period even after equity transfer to a private entity.
"The draft standard bidding document finalised for privatisation of discoms in UTs has laid emphasis on giving a commercially attractive deal to investors. This is expected to attract better valuations for discoms," said a government official asking not to be named. The provisions in the draft bidding document means that privatisation of discoms in say, the UT of Jammu and Kashmir, will continue to have a role of state agencies to meet the subsidy needs of the consumers.
