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Karnataka Power Reforms - Objectives of
Restructuring and Privatization Program |
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- Next stage of reforms of Karnataka's power sector will include
further restructuring, of KPTCL into several utilities and their privatization
thereafter.The objective of these measures is to promote the development of an efficient,
commercially viable and competitive power supply industry, which can provide reliable
quality supply, at competitive prices, to various classes of consumers in the state, which
would in course of time develop into a net contributor to the State budget. Goverbment of
Karnataka is at the same time particular to ensure that the social and environmental
aspects are fully taken onto account during and aftyer restructuring. Upon completion of
the reform process, it is expected that adequate power aupply will be available to all the
consumers without interruptions. Consequent to introduction of efficient management and
rationailzation of tariffs Government hopes that it would not be necessary to provide
subsides to the power sector operations. The sector will be a net contributor to the
State's financial resources. Power utilities are expected render good service to the
consumers, by arranging power supply expeditiously, and attending promptly to their
complaints and power generation, transmission and distribution in Karnataka will be
carried out in socially responsible and environmentally sustaiinable ways.
- In order to achieve these objectivesthe primary task is to
restore the financial health of the power sector, so that it acquires creditworthiness,
which in turn will attract private investments and management skills. Such an envirionment
will ultimately promote competition and efficiency, and will be conductive to healthy
development of the power sector.
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