POWER

SC gives Chandigarh HC three months to decide on discom privatisation

The Supreme Court has asked the High Court of Punjab and Haryana to expeditiously come to a final decision regarding the privatisation of the Chandigarh electricity distribution company (discom). The HC has been requested to issue an order “preferably within three months.”

Following protests from its engineers and other workers, the High Court in December had put in abeyance the privatisation of the discom. However, the apex court in January had stayed the High Court’s order.

The Supreme Court, in its latest ruling on Tuesday, said that the “interim order (staying the HC order) granted by this Court on 12th January 2021 to continue till the disposal of the pending Writ Petition (against privatisation) before the High Court”.

To usher inefficiency, the Union government had in May 2020 announced its plan to privatise the discoms in Union Territories (UTs), and Chandigarh was first UT to issue notice inviting bids for the same. Subsidiaries of Sterlite Power, ReNew Power, NTPC, Adani Transmission, Tata Power and Torrent Power have reportedly submitted their bids for the Chandigarh discom.

“We, however, make it clear that we have not expressed any opinion on the merits of the case and all contentions are left open,” the Supreme Court remarked.

Source
financial express
Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Close