Thursday 03 October 2024

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Economy | Finance

Willy to review all privatisation plans

 

Getting back to serious work one and a half months later after his coalition government was installed, Goa chief minister Dr Wilfred de Souza has decided to review all the privatisation plans in the infrastructural sector.

Priority would obviously be given to the power sector, says de Souza, including Goa's first mini power project of 50 MW by the Reliance Salgaoncar Pvt Ltd, to be commissioned by the month end. The government had signed the PPA to purchase 40 MW of it at the rate of Rs 2.90 while the RSPL had signed another PPA with the Mormugao Port Trust to sell rest of the power directly.

Though this was done after the government announced its open sky policy to generate and sell power directly, the government later approved the power privatisation proposal of the International Finance Corporation. It basically suggests a centralised private agency for transmission and distribution.

The erstwhile Congress government had also mooted privatisation proposals for a parallel drinking water pipeline from the Selaulim irrigation project in South Goa, a parallel bridge on Zuari river connecting the South to the North, sewerage system and four-lane superhighways in the tourist state.

De Souza is also planning to get at least additional Rs 100 crore for Goa, using good offices of the local BJP - his alliance partners - with their central leaders. He is leaving next week for Delhi for a meeting with the Planning Commission. The funds would be then allocated to the thrust areas.

The tourist state is presently facing acute financial crunch, especially after implementing the Fifth Pay Commission recommendations since Goa has the highest number of government employees, compared to rest of the country.


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