Resturcture of JSEB for Financial Viability : Chief Secy. Sharma

Ranchi: Addressing a meeting for restructuring of Jharkhand State Electricity Board (JSEB) R S Sharma, chief secy. of Jharkhand, said that the key objective for the financial restructuring of JSEB is to provide clean opening balance sheets and enhance the financial viability of each of the successor entities of the JSEB. He gave details about the steps taken so far for the unbundling of JSEB and the course of action for operations of the successor companies.

During the meeting organised at Project Building, S. Mulchandani, General Manager of Power Finance Corporation (PFC) Consulting Limited, said that employees of the JSEB engaged in generation, transmission, distribution and common services would be transferred to the respective transferee company on the same rank, pay scale and inter-se seniority to smoothen the process.The Chief Secretary stressed on the performance of the holding company.

The Principal Secretary, Energy Department, Shri. Vimal Kirti Singh, Special Secretary, Energy Department, Shri. Vikram Singh Gaur along with other officials were present at the meeting.

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In another meeting with the Energy Department officials Chief Secretary Sharma stressed on preparing Detailed Project Report (DPR) for the electrification of virgin villages and the tolas. The meeting was held in connection with the Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) at the Project Building.

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Sharma said that electrification of rural areas results in accelerated growth and enrichment of quality of life of the people. The expansion of electrification and electricity services are vital to both the economic and social development of Jharkhand.

The meeting decided to recommend and monitor various schemes under 12th Plan of RGGVY. Under this scheme, the Centre gives 90% of the funds and the state bears the rest.The Chief Secretary suggested simplifying the process of transfer of land needed for the various power plant projects.

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