The union territory of Dadra and Nagar Haveli and Daman and Diu has invited bids to acquire a 51 per cent stake in its distribution company (discom), responsible for the distribution and retail supply of electricity.
The last date to submit the bids is January 15, 2021, and the pre-bid meeting will take place on December 18, 2020. Interested bidders will have to submit an amount of Rs 300 million (~$4.06 million) as the bid security amount. This announcement comes even as the High Court of Punjab and Haryana issued a stay order on the Central Government’s proposal to privatise Chandigarh’s electricity distribution company.