UPPCL resolves legal challenges to privatise two DISCOMs
The Uttar Pradesh Power Corporation Limited (UPPCL) has overcome legal hurdles in its bid to privatise Dakshinanchal and Purvanchal DISCOMs under the Public-Private Partnership (PPP) model. The Board of Directors for both DISCOMs has authorised the formation of a new entity to facilitate the privatisation process. With this development, the process is now set for Cabinet approval of the privatisation draft or Request for Proposal (RFP). The tender process will begin once the proposal receives…