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C A Colaco: Powered by privatisation

Distribution losses in the power sector soared after nationalisation and then fell once they were privatised. The wheel has turned full circle. Tucked away in a corner of Mumbai’s Horniman Circle is No. 17-B, a deserted first floor office, all that remains of the once well known Amalgamated Electricity Company Ltd, the pioneering corporate of the 1930s which after due process had been awarded the Bombay Government’s distribution licences for supply of electricity in the areas of Bhiwandi, Chalisgaon, Jalgaon, Bhusaval and Malegaon. Power distribution and supply has never been an ...