'It will lead to better services to consumers and improvement in operational and financial efficiency in distribution,' FM Nirmala Sitharaman said India will privatize electricity distribution companies (discoms) in all its eight union territories, said finance minister Nirmala Sitharaman on Saturday.
The announcement was made as part of the fourth tranche of the Rs20 trillion stimulus package to fight the economic adversity due to the coronavirus pandemic. “It will lead to better services to consumers and improvement in operational and financial efficiency in distribution," Sitharaman said.
Unlike discoms in states governed by the respective state governments, those in Union territories are directly administered by the central government.