Central government directs Puducherry to prepare for privatisation of power distribution

The central government has directed the Puducherry government to prepare a roadmap for unbundling and privatising electricity distribution utility in the union territory (UT).

UT was also directed to avail guidance and services of a transaction adviser provided by the Union power ministry to take forward the corporatisation/privatisation process. The development comes in the backdrop of announcement by central government in May 2020, for privatisation of electricity distribution in UTs as part of the stimulus package amid Covid-19 pandemic.

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