Mr. Anil Agarwal, Chairman, Vedanta Ltd., has lauded the Uttar Pradesh Government’s progressive move to privatize two state-run electricity distribution companies – Purvanchal Vidyut Vitaran Nigam Ltd. (PuVVNL) and Dakshinanchal Vidyut Vitaran Nigam Ltd. (DVVNL).
Taking to his official handle on X (formerly Twitter), Mr. Agarwal called the move a “very good step,” emphasizing that such reforms have historically led to improved outcomes in the power sector. “Wherever this has been done, better results have been achieved. This reduces electricity wastage and improves supply,” he wrote.
Mr. Agarwal further added that privatization helps ensure affordable and reliable electricity for consumers, reduces financial burden on the government, and improves the operational health of distribution companies.
“This reform is beneficial for all stakeholders, the government, the industry, and most importantly, the people,” he stated.
The power sector reforms in Uttar Pradesh have attracted significant interest from leading industry players, including Adani, Greenko, Tata, and Torrent Power, marking a notable shift towards efficient and sustainable electricity distribution.