Chandigarh administration to give discom licence for 25 years

As per its submission made before the Joint Electricity Regulatory Commission, the Chandigarh administration will give licence to a power distribution company for 25 years under the power department privatisation exercise, implying it will be in force till 2046.  

The Chandigarh administration will also give an incentive to the power distribution company, if its performance surpasses the set target. The administration had sought the advice of the power regulatory body on the principles of the reorganisation and transaction of the electricity department. Nine private firms, including CESC Limited, Torrent Power Limited, Sterlite Power, Adani Transmission Limited, Tata Power Company Limited, GMR Generation Asset Limited, India Power Corporation Limited, DNH Power Distribution Corporation Limited and NTPC Electric Supply Limited, have reportedly bought request for proposal document for the UT’s privatization.

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