Talking to mediapersons after meeting JSEB employees on 03-11-2012, Singh said the state's plan to hand over different power division to franchisees was aimed at benefiting private companies.
JSEB's revenue has gone up to Rs 210 crore from Rs 70 crore and the loan loss has come down to 25 per cent from 40 per cent, said Singh.
According to the proposal, the board will purchase power and supply it to the franchisee at a lower rate. This company, in turn, will get a 20 per cent commission on the revenue collected by the board. The franchisee company will get commission for maintenance, meter reading and billing separately, causing a huge loss to the board, Singh added.
The JSEB employees' demand also includes promotion of Grade IV employees to Grade III, regularization of services of 194 employees who were reverted to lower grade, payment of 30 per cent more salary than state government employees.