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Industry cries foul over change of Chandigarh discom privatisation rules
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Last Updated: Mar 12, 2021, 05:08 PM IST
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Changes in bid conditions for privatisation of Chandigarh electricity distribution company, including allowing new bidders to submit bids after the last date, have irked the industry which has demanded immediate withdrawal of changed rules.
AFP
Changes in bid conditions for privatisation of Chandigarh electricity distribution company, including allowing new bidders to submit bids after the last date, have irked the industry which has demanded immediate withdrawal of changed rules. The Association of Power Producers (APP), which represents almost all private sector power producers, has shot off a strongly worded letter to the administrator of the Union Territory of Chandigarh. It said bidders have already submitted bids, and amendments to rules at this stage vitiate the sanctity of the entire process and sets a bad precedent for the future.
Power players miffed at Chandigarh’s ‘arbitrary’ amendments to bid rules
March 12, 2021
Power producers body calls for withdrawing changes The Chandigarh Union Territory Administration’s decision to modify the bid conditions for the privatisation of its power distribution company mid-way the tendering process, has evoked strong objections from the industry.
The industry, represented by the Association of Power Producers (APP), raised objections to the amendments made to the bidding rules for 100 per cent privatisation of the UT s power discom.
The amendments are feared to have an impact on the financial bids as well as it allowed new bidders to submit the bids even after the last date of submission.