Millennium Post

Jaya urges Centre to speed up share transfer to state PSU

As the strike by employees of Neyveli Lignite Corporation entered fourth day, Tamil Nadu Chief Minister J Jayalalithaa on Sunday asked Prime Minister Manmohan Singh to direct Sebi to quickly work out modalities on offering five per cent disinvestment in the Navaratna PSU to any of the state government undertakings.

'The government of India should immediately accept my proposal to sell the minimum required equity under the relevant regulations to state Public Sector Undertakings of Tamil Nadu and also direct Sebi to quickly work out modalities of such a transaction', Jayalalithaa said in a letter sent to Singh.

She also voiced concern that due to labour unrest the entire South may be affected due to shortage of power.

The strike could have a 'crippling impact' on the power availability in the state and in the hard work done by the Government to stabilise the power situation', she said.

'The delay on the part of the Centre will put the people of Tamil Nadu to extreme hardship, which I have tried very hard to avert by offering you a number of feasible alternatives to avoid disinvestment in NLC', she said.

Noting that Tamil Nadu has been a power deficit state, she said, 'my Government has strained every nerve' to resolve the power crisis.
‘The cumulative 4000 mw power shortage left by the lassitude of the previous Government had to be tackled by my Government by systematically planning, executing and commissioning new projects,’ she said.
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