1 year ago
Power Employees Protest Privatization of Electricity Firms
Some power workers in Uttar Pradesh are upset about plans to privatize two electricity companies.
They believe the government is trying to sell these companies to private owners in a way that's unfair and could be a scam.
The workers point to a past promise that they would be consulted before any privatization happens.
They say the documents for selling the companies are designed to benefit certain private companies and undervalue the assets.
They want the government to stop the privatization plans and talk to them about it.
The workers are worried that privatization could lead to problems similar to what happened when another company was given control of the power system in Agra.
Power Employees Joint Sangharsh Samiti opposes the privatization of Purvanchal and Dakshinchal Vidyut Vitran Nigam.
The Samiti demands the cancellation of the RFP document for privatization, alleging it was prepared in collusion with private entities.
The Samiti cites a prior agreement from October 5, 2020, that electricity would not be privatized without worker consent.
The Samiti claims the RFP document undervalues assets and is a 'mega scam'.
The Samiti wants discussions with the Electricity Regulatory Commission regarding the RFP document.
- Who
- The Power Employees Joint Sangharsh Samiti and the Electricity Regulatory Commission.
- What
- Power Employees Joint Sangharsh Samiti is opposing the privatization of Purvanchal and Dakshinchal Vidyut Vitran Nigam.
- Where
- Uttar Pradesh, specifically Purvanchal and Dakshinchal Vidyut Vitran Nigam areas.
- When
- The issue was reported on Sunday.
- Why
- The Samiti believes the privatization plan is a scam and violates a previous agreement.
Power Employees Joint Sangharsh Samiti
Government/Corporation (Unspecified)
Agreement Violation
Power Employees Joint Sangharsh Samiti
Privatization violates the agreement and workers' rights.
Government/Corporation (Unspecified)
Unknown - government/corporation perspective not provided in the article.
Financial Mismanagement
Power Employees Joint Sangharsh Samiti
The RFP document is a scam that undervalues assets.
Government/Corporation (Unspecified)
Unknown - government/corporation perspective not provided in the article.
Key facts
- Organization
- Power Employees Joint Sangharsh Samiti
- Entities
- Purvanchal and Dakshinchal Vidyut Vitran Nigam
- Disputed Action
- Privatization of electricity distribution
- Reserve Price
- Rs 6500 crore (alleged)
- Asset value (alleged)
- Rs 1 lakh crore (Purvanchal and Dakshinchal)
- Consultant
- Grant Thornton
Quotes
The Samiti
The Power Employees Joint Sangharsh Samiti, Uttar Pradesh
“Approving the document for privatization of Purvanchal and Dakshinchal Vidyut Vitran Nigam would be a blatant violation of this agreement.”
thestatesman.com
Sources
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