UP GOVERNMENT HANDING OVER THE ELECTRICITY DISTRIBUTION AND MANAGEMENT TO PPP UNDER 51:49 PERCENT.

UP state Government has started electricity distribution and management on the pattern standard of the Orissa state power corporation as per statement given by the Chairperson Shri Ashish Kumar Goel , where in the state government is preferring private public partnership and the state sharing formula between the private firms and the state government UPPCL have been proposed in the ratio of 51:49 percent and it is promised in the partnership deed that the interest of consumers farmers and the employees would be protected by the joint venture of the companies where as the employees will have three options, One they can return to the UPPCL, second they will have to go with the new entity with the same or the better service conditions and third option is to opt for a VRS and the VRS will be ensured and the package would be quite attractive and the share part of the UPPCL will be paid to the employees provided that they will have to cooperate with the joint companies. The Chairman further said that Orissa has the same working standard of the present system of electricity distribution and management and it will be adopted by the UPPCL as per statement given by the plan of PPP schedule for future consideration and handing over the management to private hands, however the employees unions are not accepting this formula of PPP schedule for future adoption of the electricity distribution and management and agitating against the Government of the UP.