LUCKNOW, Feb. 11 -- The Uttar Pradesh Vidyut Karmchari Sanyukt Sangharsh Samiti on Tuesday called for a white paper on the privatisation of power distribution in Agra and Greater Noida before any further steps are taken. The employees' body argued that privatisation has been a failure nationwide and has adversely impacted U.P.
Shailendra Dubey, Samiti convenor, pointed to financial losses, stating that in 2023-24, the Uttar Pradesh Power Corporation Limited (UPPCL) purchased electricity at Rs.5.55 per unit but sold it to Agra's private distributor, Torrent Power, at Rs.4.36 per unit-resulting in a Rs.275 crore loss that year alone.
"Over the past 14 years, cumulative losses in Agra have reached Rs.2,434 crore, while Torrent Power profit...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.