Question : REIMBURSEMENT OF PROFIT EARNED



(a) whether there was a proposal for reimbursement of half of the profit earned on distribution of electricity to the administration of Daman & Diu;

(b) if so, whether the Government propose to extend any grant to the Power Finance Corporation to study this proposal; and

(c) if so, the present status of this proposal and the time by which a final decision is likely to be taken in this regard?

Answer given by the minister

THE MINISTER OF STATE IN THE MINISTRY OF POWER

( SHRIMATI JAYAWANTI MEHTA )

(a) to (c) : The matter was discussed in a meeting held in Ministry of Home Affairs on 23.10.1998. The UT Administration of Daman & Diu was advised to submit a formal proposal for corporatisation of its Electricity Department. However, this has not yet been received from the UT of Daman & Diu.