Government of Jharkhand has requested the Damodar Valley Corporation to take over the distribution of power in the five districts of Hazaribag Koderama Gridih, Dhanbad and Bokaro.
DVC in its 591st meeting considered the confidential note of Government of Jharkhand and has decided to conduct a system study by engaging a consultant, which will be followed by expression of interest. The work of power distribution can be either on franchisee basis or through a joint venture route.
DVC is the only power company of the country which is doing the business of Generation transmission and Distribution of power in its areas as per DVC act.
According to a senior official DVC is already short of man power and it is not understood from where the manpower will come. The only alternative left for DVC will go for joint venture where the private company will earn all the profits and DVC will provide the necessary infrastructure at Governments expenses.
A senior official said on condition of anonymity that Jharkhand Government is giving its revenue earning areas on franchisee how shall it survive with the remaining loss making areas.
It may be mentioned that, DVC floated a host of tenders in last three years for adding 5,200 mw, of which 2,500 mw was supposed to have come up by March 2010 for supplying to the Commonwealth Games. But not a single megawatt has been added so far.
DVC, currently a 2,854 MW company, aimed at becoming a 10,000-mw company by 2012 and be the country's second largest power generator after NTPC.
Even banking on power from DVC for the Commonwealth Games has proved to be a bad bet, it is not under stood hoe Jharkhand Government is banking on DVC.
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