In principle approval given for PVVNL privatisation
The Uttar Pradesh government has given in principle approval to privatise the Purvanchal Vidyut Vitran Nigam Limited, (PVVNL), one of the five power distribution companies (discoms) which are wholly owned subsidiaries of the UP Power Corporation Limited (UPPCL).
Purvanchal Vitran Nigam covers Prime Minister Narendra Modi’s Lok Sabha constituency Varanasi, and Gorakhpur, the home turf of Chief Minister Yogi Adityanath.
The government has also prepared broad terms and conditions which would be finalised once the model standard bidding document (SBD) is issued by the Union Ministry of Energy. At present, only Agra has a private power distribution franchisee run by Torrent Power.
