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