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Milestones |
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| 1 | The Govt. of National Capital Territory of Delhi (GNCTD) issued a strategy paper in Feb. 1999 highlighting the need to urgently reform DVB.
| | 2 | The Delhi Electricity Regulatory Commission became operational in December, 1999.
| | 3 | The Delhi Electricity Reform Ordinance was promulgated on 28/10/2000. This was replaced by the Delhi Electricity Reform Act, 2000(Act 2 of 2001) notified after receiving the assent of President of India.
| | 4 | A Tripartite Agreement was executed on 28.10.2000 between the Government of Delhi, DVB and representatives of DVB employees, whereby the parties mutually agreed to accept the conditions laid down in the Agreement to achieve the goal of smooth implementation of the policy for reorganization and restructuring of DVB.
| | 5 | Based on the inception report of the consultant, M/s SBI Capital Market Ltd., on 6th January 2001, the Council of Ministers, GNCTD approved the unbundling of DVB into six successor entities.
| | 6 | An investors' conference was jointly organized by the Government of Delhi and Power Finance Corporation Ltd. on 17th January, 2001 to inform the prospective investors of the new opportunity for investment in the power sector in the national capital.
| | 7 | Advertisements were published in leading national and international newspapers and journals in February, 2001, highlighting the opportunity for private sector participation in electricity distribution in Delhi and inviting Statement of Qualifications against the Request For Qualification (RFQ). Out of 32 purchasers of the RFQ, only 7 submitted their Statement of Qualifications (SOQ), out of which 6 bidders qualified for the Request For Proposal(RFP) stage.
| | 8 | The Final Report on restructuring of Delhi Vidyut Board of M/s SBI Caps, the consultants, was received on 16/7/2001.
| | 9 | The Council of Ministers, GNCTD, approved the restructuring model on 5.10.2001.
| | 10 | The Delhi Electricity Reform (Transfer Scheme) Rules 2001, were notified on 20th November 2001.
| | 11 | The order on classification and allocation of residential colonies and sub-stations flats of Delhi Vidyut Board to successor entities was notified in Nov. 2001.
| | 12 | The order on classification and allocation of the personnel of DVB to the successor entities was notified in Nov. 20001.
| | 13 | To guide the reform process, the Power Department issued policy directions to the Delhi Electricity Regulatory Commission under the provisions of section-12 of the Delhi Electricity Reform Act, 2000. This was done in consultation with the Regulatory Commission.
| | 14 | The Request For Proposal (RFP) was issued to the pre-qualified bidders on 22-11-2001, inviting them to submit their Statement of Proposals(SOPs) by 10.04.2002. The bids were invited on the Aggregate Technical and Commercial Loss (AT&CL) reduction for the next five years i.e. 2002-03 to 2006-07.
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Local Services 