Union Power Ministry allows MeSEB as state-owned utility

Shillong, Nov 27 (UNI) The Union Power Ministry has decided to allow the Meghalaya State Electricity Board (MeSEB) to continue functioning as a state-owned power transmission utility and licensee upto December nine, an official statement said here today.

The state government assured the Centre that while complying with the statutory requirements, the interest of all stakeholders would be taken into consideration before taking the final decision, the statement added.

Earlier, the Power Finance Corporation (PFC), engaged as consultant in the process of corporatisation of the MeSEB, had submitted its report to the state Cabinet, which said the proposed new transition of the Board would be examined by the Empowered Committee.

The state Power department said the Committee held several meetings with the PFC and some amendments had been incorporated in the report.

The modified report was recently received by the Committee, which recommended that all stakeholders, including MeSEB employees and the public, should be consulted before taking a final decision on the matter.

UNI