Discoms in UTs to be privatised: FM

NEW DELHI: Finance Minister Nirmala Sitharaman on Saturday said electricity distribution companies in Union Territories (UTs) will be privatised.

This is expected to provide a model to be replicated in states later to improve efficiency and attract investment.

Unveiling the fourth tranche of the Rs 20 lakh crore stimulus package to revive the coronavirus-hit economy, Sitharaman said there is sub-optimal performance of power distribution and supply in the country.

She said privatisation of discoms will lead to better service to consumers and improvement in operational and financial efficiency in power distribution. (AGENCIES)