Nodal officer nominated for privatisation of Power Department

Nodal officer nominated for privatisation of Power Department

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Nodal officer nominated for privatisation of Power Department

The authorities have nominated XEN Pawan Kumar Sharma because the nodal officer for privatisation of the UT Electricity Department.

An order issued by the workplace of the Superintending Engineer, Electricity Operation Circle, UT, said that the Union Ministry of Power had determined to privatise the ability distribution of all union territories.

As the method of privatisation of the Electricity Wing of the Engineering Department, Chandigarh (EWEDC), is focused to be accomplished by December this 12 months, the Superintending Engineer has determined to appoint XEN Pawan Kumar Sharma because the nodal officer to take motion in all issues referring to the privatisation of the EWEDC, together with tendering and coordination with varied departments, with instant impact.

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The Power Finance Corporation (PFC), a Government of India enterprise, had just lately appointed Deloitte, a personal agency, as a guide to organize a complete report on unbundling of the division.

The Joint Electricity Regulatory Commission (JERC) had already issued instructions to the UT Administration for restructuring and reformation of the division, which is necessary as per the Electricity Act, 2003.

On privatisation, the division will grow to be an autonomous physique, which might be divided into the State Transmission Utility (STU) and the State Load Dispatch Centre (SLDC). The STU might be accountable for easy transmission of energy and the SLDC would be the essential physique to make sure built-in operation of the ability system.

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