UP power utilities' losses top Rs 80k cr as govt defers privatising firm

Purvanchal Vidyut Vitran Nigam Limited account for the maximum share of Rs 19,373 crore or almost 25 per cent of the total amount

The Uttar Pradesh government has deferred privatising the Purvanchal Vidyut Vitran Nigam Limited (PVVNL) till January 15 after employee protests, as the accumulated losses of power utilities top Rs 81,871 crore stretch its finances.

The losses of PVVNL account for the maximum share of Rs 19,373 crore or almost 25 per cent of the total amount, according to UP additional chief secretary and UP Power Corporation Limited (UPPCL) chairman Arvind Kumar.

Kumar said the government was dexterously working on the roadmap to provide better power infrastructure to consumers and to revive the state power utilities from deep financial distress.

“Due