MP govt plans to privatise power to cut down losses


MP govt plans to privatise power to cut down losses

The state government is gradually trying to implement its plan to privatize power in state. In the past 20 days, two major firms have given presentation before the government and suggested their models that could help government cut down losses in the power sector.

Two plans have been put up before the government — the first is to set up a franchise model and the second is to allow private firm to open its discom. In the franchise model, the government would give the distribution and revenue collection to a firm, while in the second model a new discom would be opened by the private firm in a region.

Officials at the CM’s Secretariat said that possibility is more of government going with the franchise model and handing over distribution and revenue collection work to a firm. Read more

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