Don't give public funds to private sector: Trade Unions

Condemning the centre's move to hand over DVC Thermal Plant to a private sector company, Central Trade Unions today said that government should "desist" from giving PSUs and public funds to private sector for promoting "private gains".
Centre of Indian Trade Unions (CITU) alleged that the move was a "virtual" gift of a newly constructed Public Sector Power Plant to private Sector by "frittering" away public funds for private interest and demanded that such a move to should be taken back.
"CITU deplores such move and demands that the decision taken by the DVC Board at the direction of Government of India must be reversed and the Power Plant must remain in the Public Sector under DVC.

"CITU also demands that the government must desist from such handing over of public sector units and public funds to private sector for promoting private gains," it said in a statement.
CITU said that the Central Public Sector Undertaking (DVC) has set up a thermal power plant in the district of Purulia, West Bengal -- Raghunathpur Thermal Power Station.
The first unit of this thermal power plant whose capacity is 600 MW has already been commissioned. Construction of the second phase of this project has already started whose capacity will be 1200 MW.

DVC has already spent more than Rs 6,000 crores for the construction of the first phase of the project and 900 acres of land was acquired by the state government and handed over to the DVC for the construction of the Power Plant.

"The Central Government has now decided to hand over the Raghunathpur Thermal Power Station to the private sector Tata Power. This is nothing, but virtual gift of a newly constructed Public Sector Power Plant to private Sector by frittering away public funds for private interest," the statement said.
The Central Trade Unions also questioned that when DVC has the capacity and capability to run this unit why it is being handed over to Tata?
"The land was acquired for DVC's project and not for the Tata. The decision to hand over the Public Sector Unit to a private sector company is in accordance with the policy of the present government," it said.