Govt kicks off discom privatization for UTs

India has begun the process of privatizing the electricity distribution companies (discoms) of its Union territories, with Chandigarh taking the first step.

The Chandigarh administration on Tuesday made available the request for proposals to sell 100% government stake in its discom, two people aware of the matter said. A pre-bid meeting will be held on 1 December. The last date to submit bids is 30 December.

“The Chandigarh discom is expected to be awarded by 15 January,” one of the two people cited above said on condition of anonymity.

The notice inviting tender (NIT) floated by the administration of the Union territory is for “Selection of bidder for purchase of one hundred percent (100%) shares in distribution company responsible for distribution and retail supply of electricity and having distribution license in the union territory of Chandigarh.”