UP withdraws discom privatisation plan

NEW DELHI: The Uttar Pradesh government on Tuesday decided to withdraw a privatisation plan for electricity distribution companies, after nearly five hour meeting with protesting employee unions which began an indefinite strike a day ago. As per the agreement signed after the meeting held by state power minister Shrikant Sharma and its finance minister Suresh Khanna, Uttar Pradesh agreed to take back the privatisation proposal of Purvanchal Vidyut Vitaran Nigam Ltd, which supplies electricity to 80 lakh consumers including in important constituencies of Varanasi, Gorakhpur and Prayagraj.

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