Draft agreement for new power company to be ready in a week

Our Bureau Thiruvananthapuram | Updated on February 12, 2013

Kerala CM holds talks with trade unions, stakeholders

The draft for tripartite agreement ahead of corporatisation of Kerala State electricity Board (KSEB) will be ready within a week.

This was announced by Chief Minister Oommen Chandy after a meeting with trade unions and other stakeholders here.

The State Government could not afford to delay corporatisation of the board any longer, the Chief Minister told the meeting. The State Government, the new company and trade union leaders would be parties to the tripartite agreement.

It would basically deal with wages, allowances and pension and welfare of employees and retirees of the company. The unions have been told to send in their comments about the draft agreement to KSEB within two weeks. Following this, the board will exchange ideas and discuss issues with representatives of the unions.


The corporatisation initiative was set rolling by the previous Government and has now reached the final stages. The Chief Minister assured both employees and retirees that their interests would be taken care of in the emerging scheme of things.

“The State Government does not intend to turn its back on the new company but will stay committed to its smooth functioning,” he said.

The new company will be retained in the public sector, Minister for Electricity Aryadan Muhammed told the meeting. Not a single share of the company would be allotted to private individuals or institutions, he added.


He also said that there was no proposal to break up the new company into generation, transmission and distribution units. “The new company will be retained as one entity,” the electricity minister said.

Among those who attended the meeting were Jose Cyriac, chief secretary; M. Sivasankar, chairman, KSEB; and M.S. Rawther, K. O. Habeeb; A.N. Rajan; and K.S. Sunil, trade union leaders.

Meanwhile, Aryadan Muhammad has said that retirement age would be raised to 58 when KSEB is converted into a company.

Published on February 12, 2013

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