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Power distribution business to be privatised in Union Territories

Union Territories directly come under the central government. Hence, the path to privatisation is easier

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Earlier in the week, the Centre said it would extend a Rs 90,000 crore funding line to distribution companies

3 min read Last Updated : May 17 2020 | 12:31 AM IST

Taking a leap towards enhancing private investment in power distribution companies (discoms), Union finance minister (FM) Nirmala Sitharaman on Saturday said the power distribution business in the Union Territories (UTs) would be privatised. This is the first such step after the draft amendments to the Electricity Act, 2003, were made public last month with the proposal of private participation in electricity distribution.

She said this could provide “a model for emulation by other utilities across the country” which will lead to better service to consumers and improvement in operational and financial efficiency in power distribution.

Delhi is the only Union Territory which

Topics : Lockdown Nirmala Sitharaman Power discoms privatisation BSES Tata Power R K Singh

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