The Ministry of Energy has recently taken a decisive step, wherein theyhave opted to disband the board of directors overseeing power distributioncompanies nationwide. Reliable sources closely associated with the ministryhave disclosed that this action was precipitated by concerns regarding thecomposition of these boards. Allegedly, a significant portion of the boardmembers either hail from non-technical backgrounds or have clear politicalaffiliations.
This move to dissolve the current boards occurs amidst a backdrop ofsubstantial reforms being undertaken in the energy sector. In addition tothe power distribution companies, the National Transmission and DispatchCompany (NTDC) will also undergo a transformation with the establishment ofnew boards.
This development signals the ministry’s intent to appoint individuals whoexhibit robust technical qualifications and remain free from political ties.
An additional noteworthy revelation pertains to the compensation receivedby the existing board members, who reportedly command a substantial dailystipend of Rs 60,000 for their participation in meetings. The decision todiscontinue this compensation practice has also been confirmed, marking asignificant shift in policy. According to the Energy Ministry, the newlyappointed board members will serve in an honorary capacity, implying thatthey will not receive financial remuneration for their roles.
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This strategic move aims to ensure that the leadership of these crucialenergy entities is guided by expertise and impartiality rather thanpolitical affiliations.