Only six companies have submitted their bids for privatisation of the electricity department in Chandigarh, including Sterlite Power, ReNew Wing Energy, NESCL (NTPC), Adani Transmission Limited, Tata Power and Torrent Group.
The Engineering Department had issued the Request for Proposal (RFP) to 20 intended bidders and February 8 was the last date to submit the bids.
The company that will be appointed by the administration will be responsible for electricity distribution and retail supply in the city. The assets of the department will be given to the company on lease of one rupee by the administration.
After scrutiny of the submitted documents, the UT administration would announce the date for opening of bids and finalisation of the company.
The bids were invited on November 9, 2020. In December, the high court stayed the process on the petition by the UT powermen union. The petitioner had contended that they were aggrieved by the decision to privatise the electricity wing by selling 100% stake in the absence of any provision under Section 131 of the Electricity Act, 2003. The Supreme Court on January 12 put on hold this stay, and on January 14, the administration resumed the sale of tender.
