Jharkhand set to ink pact with CESC,Tata Power

CESC,Tata Power
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‘’We hope,we get uninterrupted and quality power”,said Federation of Jharkhand Chamber of Commerce and Industry president Ranjit Tibrewal.

Tibrewal was reacting to the reform undertaken by Arjun Munda government in power sector.The reform means in accordance with the Government of India’s Electricity Act 2002,the state government will ink a pact with two private companies-Calcutta Electric Supply Company(CESC) and Tata Power(TP) on November 26-27,for distribution of power in Jharkhand’s two cities-Ranchi and Jamshedpur respectively.

Right now,JSEB,a state government owned body responsible for buying,generating,transmitting and supplying power to consumers across Jharkhand.Since this body was drenched in corruption for long and has been incurring loses worth hundreds of crores annually-like any state owned power board in the country-the Act 2002 envisaged its unbundling into three subsidiaries,each responsible for generation,transmission and supply.

JSEB,a state government

But instead of unbundling it,the state government led by chief minister Munda,who holds the charge of Energy Ministry,took its own course and keeping procurement,generation and transmission with JSEB,it deemed it fit to float tenders,and going by their credentials,agreed to sign agreement with CESC and TP.

JSEB,a state government
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If all goes as planned and advertised by the state government,these two companies may start distributing power from December 1.”This is a move in right direction”,said Tibrewal,himself an industrialist, who was a victim of the JSEB’s sickness,load shedding and voltage fluctuation for long.

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