Chandigarh issues tender for complete privatisation of power discom

Becoming the first Union Territory to offer its power distribution company for complete privatization, Chandigarh has issued a tender inviting bids for the same. Privatization of discoms was part of Centre’s Aatmnirbhar Bharat plan announced in May for economic revival.

The Electricity wing of engineering department of Union Territory of Chandigarh invited bids from interested entities meeting the qualification requirements, to participate in the competitive process for “selection of bidder for purchase of 100 per cent shares in Distribution Company responsible for distribution and retail supply of electricity and having distribution licence in the UT of Chandigarh.”

The cost of the ‘request for proposal’ (RFP) document is Rs 5 lakh and interested bidders would have to submit Rs 10 lakh bank guarantee as bid security amount, said the notice by the department.