SHILLONG, Sept 16: The delayed corporatization of the Meghalaya State Electricity Board (MeSEB) is expected to be completed by the end of next month. Notwithstanding the MeSEB employees’s reluctance and formal petitions against the corporatization move, the process is nearly completed. Meghalaya Principal Secretary of Power BK Deb Barma said, “The process of corporatization of the MeSEB will be over by the end of this month”.
The corporatization has taken its own time after the notification of the Union Ministry of Power, but the MeSEB will be fully corporatized by this year. The only matter left is the transition in which the MeSEB will have to transfer the liabilities and assets to the government before these are handed over to the corporate board. The MeSEB has huge assets and liabilities that need assessment, and complete handing over of both assets and liabilities will be completed within two years, said the Principal Secretary.
Besides manpower and building infrastructure, MeSEB owns more than eight dams that are sources of power supply in the State, and the liabilities include the debt to the central grids for procuring power during the period when the State experienced an acute power shortage. Meghalaya had to buy power in the past four years. As the MeSEB has prepared to enter the world of corporatization, Deb Verma downplayed the MeSEB unions’ apprehension to work in a corporatized sector. “The employees will enjoy the service conditions and pay packages, and this is part of the government’s assurance that the employees’ interest will be protected”, stated Dev Barma. THE SENTINEL
The corporatization has taken its own time after the notification of the Union Ministry of Power, but the MeSEB will be fully corporatized by this year. The only matter left is the transition in which the MeSEB will have to transfer the liabilities and assets to the government before these are handed over to the corporate board. The MeSEB has huge assets and liabilities that need assessment, and complete handing over of both assets and liabilities will be completed within two years, said the Principal Secretary.
Besides manpower and building infrastructure, MeSEB owns more than eight dams that are sources of power supply in the State, and the liabilities include the debt to the central grids for procuring power during the period when the State experienced an acute power shortage. Meghalaya had to buy power in the past four years. As the MeSEB has prepared to enter the world of corporatization, Deb Verma downplayed the MeSEB unions’ apprehension to work in a corporatized sector. “The employees will enjoy the service conditions and pay packages, and this is part of the government’s assurance that the employees’ interest will be protected”, stated Dev Barma. THE SENTINEL
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