Power privatisation: Chandigarh admn sends final bid report to MHA

After getting UT administrator VP Singh Badnore’s nod, the Chandigarh administration has sent the final bid report on privatisation of the electricity department to the ministry of home affairs (MHA).

Now, the final note on the privatisation process will be submitted with the Union cabinet for its approval. After its consent, the department will be handed over to the private player.

The administration has zeroed in on Eminent Electricity Distribution (EED), a whole-owned subsidiary of the RP-Sanjiv Goenka Group’s flagship Calcutta Electric Supply Corporation, to take over the department after it bid ₹871 crore against the reserve price of ₹175 crore.