Power Division Initiates Privatization Process, Seeks Employee and Asset Details from DISCOs

In a bold move, the Power Division has officially set the wheels in motion for the privatization of electricity distribution companies (DISCOs), sending a comprehensive request to CEOs of all DISCOs for detailed information on employees, assets, finances, and regulatory compliance.

According to sources, the Power Division’s letter seeks exhaustive data on:

• Employee details, including permanent, contract, and daily wage staff
• Salary structures, benefits, and pension dues
• Audited financial statements up to June 30, 2024
• Financial structure, encompassing liabilities and equity
• Properties and assets owned by the companies
• Existing machinery, vehicles, and other assets
• Pending issues related to regulatory orders
• Regulatory and legal frameworks governing DISCO operations

This sweeping request signals the government’s determination to push forward with the privatization agenda, despite potential challenges and controversies. As the process unfolds, stakeholders will be watching closely to see how the transition impacts the power sector, employees, and consumers. Stay tuned for further updates as this story continues to develop.