SBI Caps submitted asset assessment report
Source: The Sangai Express
Imphal, December 16 2012:
SBI Caps has submitted the asset assessment report of State Power Department regarding corporatisation of the Department.
An official source said that Chief Minister O Ibobi, who also holds the Power portfolio, in his effort to enhance power situation of the State decided to corporatise the Department.
For the said purpose, the Chief Minister entrusted SBI Caps to make an asset assessment of the Department.
SBI Caps prepared its report by dividing the Department into three sections as distribution, generation and transmission, the source said and adding that SBI Caps recommended the State Government to corporatise the Department with the setting up three different companies for these three sections.
As the report is with the Government, the State Cabinet is likely to discuss the report soon, the source added.
It may be mentioned that 14 companies applied in the Expression of Interest invited by the State Government for setting up of six power projects following preparation of a State Power Policy.