Chandigarh to issue bid documents by November end

Chandigarh, October 26

To start the process of privatisation of the Electricity Department, the UT Administration will issue bid documents by the end of next month.

UT Adviser Manoj Parida today chaired a meeting in this regard. The meeting was attended by officials of the UT, Union Ministry of Power and transaction consultant Deloitte among others.

Parida said it was a lengthy process and they would require more clarity on various issues before issuing bid documents. A trust would be constituted to look after the welfare of the employees. The Power Finance Corporation (PFC) had appointed Deloitte, a private firm, as a consultant to prepare a comprehensive report on unbundling of the department.

Opposing the privatisation of the department, Gopal Datt Joshi, general secretary, UT Powermen Union, said it was the most profit-earning department of the UT and had never been in the red even as it does not generate power. Despite staff shortage, the department was serving the public with the best services. — TNS