Going full throttle on its plan of privatising the Purvanchal Vidyut Vitran Nigam (PuVVNL) or Varanasi discom, which consists of major eastern UP cities, the Uttar Pradesh Power Corporation (UPPCL) has initiated data collection exercise from all the 6 electricity zones of the discom – Gorakhpur, Basti, Prayagraj, Mirzapur, Varanasi and Azamgarh – in order to work out the assets and liabilities as on March 31.
The move is in line with the Centre’s thrust on accelerating private sector participation in power distribution utilities across the country and comes in the backdrop of the Centre issuing the standard bidding document a couple of days ago. It lays down the guidelines to follow for inviting the technical and financial bids, the terms and conditions for the participants as well as the timelines to be followed.
