Chandigarh: At the end of April, the Chandigarh administration department will be transferred to the leading electrical distribution based in Kolkata, a private company, because of the direction of the central government after the Cabinet approval.
Some aspects such as infrastructure, employees and their transfers, financial benefits and other things will be part of privatization training.
“The center has sent us documents after the nod to privatize power.
The process will take two and a half to three months.
We hope to complete the process at the end of April or maybe before it.
This is a long exercise, which requires a lot of paper work,” an official UT.
Based on the central government nod to the company and sending documents and papers needed, UT will now begin the process to form a company and trust.
The agreement will also be signed between UT and companies in the next few days.
In addition, because the electricity department has 700 regular employees with him, UT has planned to save only 70 employees (10%) with him and the rest will be transferred to the bidder and financial benefits.
About the takeover of transmission operations and the distribution of the power department by private entities can help improve infrastructure and cut transmission losses, thereby increasing quality power received by consumers, but can bring revisions in the tariff too.
The authorities must also ensure that there is a smooth change and the employee is minimum affected.
Administration will also provide all its equity to the company.
Equity consists of existing materials and infrastructure from the electricity department.
The value has been calculated by the department.
“Trust will be led by the Secretary of Finance and consists of officials and employees of the Ministry of Finance and Wing Personnel.
Trust will decide about all the monetary benefits of employees.
The benefits of employees transferred to the company will remain similar,” said an UT senior officer.