AIPEF Protests UP Discom Privatisation

By By Rediff Money Desk, New Delhi
Dec 13, 2024 17:23
The All India Power Engineers' Federation (AIPEF) held nationwide protests against the government's plan to privatize two discoms in Uttar Pradesh, alleging it's a conspiracy to sell valuable assets at throwaway prices.
New Delhi, Dec 13 (PTI) Around 27 lakh members of power engineers' body AIPEF on Friday held a nation-wide agitation against the government's attempt to privatise two discoms of Uttar Pradesh, its Chairman Shailendra Dubey said.

The protests were held in various states against the move of the government to privatise Purvanchal Vidyut Vitran Nigam Ltd (PVVNL) and Dakshinanchal Vidyut Vitran Nigam Ltd (DVVNL) discoms in UP, Dubey said.

"We have 27 lakh members and all of them participated in Anti-Privatization Day protest observed today," the All India Power Engineers' Federation (AIPEF) Chairman said.

Dubey also said the power department of Chandigarh is being handed over to a private entity for Rs 871 crore whereas its assets cost Rs 22,000 crore.

On what basis will the assets worth billions of rupees of discoms PVVNL and DVVNL worth billions of rupees be handed over to private houses, he said.

Protests were held in Lucknow, Varanasi, Agra, Chandigarh, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad, Thiruvananthapuram, Vijayawada, Guwahati, Nagpur, Raipur, Jabalpur, Bhopal, Shimla, Jammu, Srinagar, Dehradun, Patiala, Ranchi, etc.

Dubey alleged that it is a conspiracy to sell assets worth billions of rupees of Purvanchal and Dakshinanchal Electricity Distribution Corporations at throwaway prices.

The two discoms alone cover 42 out of 75 districts of Uttar Pradesh.

The chairman added that protests will continue and reach Jantar Mantar in the national capital if the process of privatisation of discoms continues.
Source: PTI
Read More On:
uttar pradeshprotestschandigarhaipefelectricity distributionpvvnlpower engineersdiscom privatizationdvvnlanti-privatization
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

Hindustan Zinc to Pay Rs 71 Cr for Fly Ash...

Hindustan Zinc Ltd has been ordered to pay Rs 71.1 crore by the Odisha Pollution...

Orient Cement Q4 Profit Drops 38.3% to Rs 42 cr

Orient Cement's net profit declined by 38.3% to Rs 42.07 crore in Q4 FY25. Revenue also...

India Harvests 38% of Wheat Area: Agri Minister

India has harvested 38% of its wheat area, with good yield prospects in key states....

HDFC Capital Invests Rs 1.5K cr in Eldeco for...

HDFC Capital will invest Rs 1,500 crore in Eldeco Group's 18 residential projects...

Nissan to Launch 7-Seater MPV &...

Nissan announces launch plans for a 7-seater MPV in late FY'26 and a 5-seater...

IndiGo CEO: Tariffs Won't Impact Long-Term Plans

IndiGo CEO Pieter Elbers assures that global tariff hikes won't affect the airline's...

AAIB to Analyze Aircraft Incidents in Indian...

The Aircraft Accident Investigation Bureau (AAIB) will use data analysis to prevent...

TCS CEO: Tariff Uncertainty Short-Lived,...

TCS CEO K Krithivasan says tariff uncertainty impacting the sector will be short-lived,...

NTPC Sources 3 MT Coal from Commercial Miners

NTPC has procured 3 million tonnes of coal from commercial miners in the past six...

India-US Trade Pact: 'Zero-for-Zero' Tariff...

India and the US are unlikely to adopt a 'zero-for-zero' tariff strategy in their...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com