The UP Rajya Vidyut Upbhokta Parishad has demanded a high-level probe into the UP Power Corporation Ltd (UPPCL) lowering the ‘performance guarantee’ amount for private companies that are selected to execute the smart prepaid metering project in the state, from 10% to just 3%.
“The UPPCL board of directors, in its meeting in July, had approved the proposal for 10% performance guarantee but that same has now been reduced to 3%…” parishad chairman Avdhesh Kumar Verma said, in a statement demanding chief minister Yogi Adityanath to order an inquiry into the matter.
He said smart metering was a new project and ran the risk of failing. “In such a situation, the performance bank guarantee should have been increased and not lowered to make the firms more accountable to consumers,” he said.
