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Home News Power Sector News JSEB trifurcation in final stage, privatisation of city distribution soon

JSEB trifurcation in final stage, privatisation of city distribution soon

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JharkhandThe Jharkhand state government has decided to trifurcate the Jharkhand State Electricity Board (JSEB) and the process is expected to be completed within a month, said energy secretary Vimal Kirti Singh after a review meeting on power situation by chief minister Arjun Munda. The basic formalities have been completed by the department and the paper will be sent to the Power Finance Corporation (PFC) within a fortnight.

The meeting was convened by the chief minister after power situation continued to be grim in the state and Ranchi in particular over the last 15 days. Most parts of the state have been witnessing prolonged and erratic power supply.

Places even in the state capital witness power cuts for more than 4-5 hours a day. "The PFC officials are expected to give the final presentation of the trifurcation of JSEB for generation, transmission and distribution. Once the formalities are completed, we will put up the proposal for ratification before cabinet," said Singh.

He added that the JSEB had failed to bridge the resource gap because of heavy loss because of poor revenue collection. "The department is not happy with the situation and we have decided that instead of giving Rs 100 per month to bridge the resource gap to the JSEB we will only give Rs 83.33 crore," said Singh, adding that this system of bridging the resource gap would not be continued for long.

The JSEB collects only Rs 2.03 crore per month against an expected revenue generation of around Rs 65 crore.

On the other hand, Munda expressed displeasure over tardy pace of work by National Thermal Power Corporation (NTPC) and JSEB in the state. "The way NTPC and JSEB have failed to complete rural electrification project is not acceptable. I have asked them to complete the work at the earliest," said Munda.

Referring to a query on entry of private players in power distribution, Singh said the department would extend the work of distribution in Jamshedpur, Ranchi and Dhanbad to private companies soon.

Source- Times of India

 

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