Power distribution franchising is a contract, no question of assets being sold: Meghalaya CM
Meghalaya Chief Minister Conrad K Sangma on Friday said that no assets are being sold in the agreement for exploring power Distribution Franchisees (DF) and the agreement at best was a management contract of a fixed period.
Sangma said that a decision to finalise a DF was not arrived at yet and the state government would consult required stakeholders to explore all necessary options to rescue the Meghalaya Energy Corporation Limited (MeECL).
A meeting will be held again next week, Sangma said adding that the Cabinet will spend the next four to five days looking at all options and would ensure that all stakeholders are taken on board.
“The Cabinet will review the entire aspect and will take a decision in the next one week - whether it will be appropriate for the state government to take the entire burden of loan and bail out MeECL or do we look at a system where we allow some professionalism coming in without harming the structure of MeECL or the employees,” he said.
"If we can find a way to move forward and improve the efficiency yet not allow the DF then we can move in that line also,” Sangma said.
"The state government is examining the pros and cons on how to move forward," he added.
(Edited by Iban Mawrie)
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