AIPEF for performance audit of privatised power assets

AIPEF for performance audit of privatised power assets

The power employees of the public sector power distribution companies have demanded performance audit of the privatised power assets in India and their adverse impact on the financial health of commercial banks.

Making a case against the alleged discreet privatisation of power utilities and channels, the All-India Power Engineers Federation (AIPEF), representing nearly 1.5 million technocrats from the sector, said an independent evaluation of the performance of privatised assets, their impact on consumers in terms of cost burden and customer service, and financial burden on banks was the need of hour.

AIPEF chairman Shailendra Dubey also criticised the alleged arm-twisting tactics of Union Minister of State for Power RK Singh, who, he claimed, had warned state power distribution companies (discoms) Read More

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