Cabinet committee ‘okays’ dissolution of DISCOs boards
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00:00Under the Presidency of the Minister of Treasury, the Cabinet Committee has agreed to review the votes of the nine government distributors of electricity.
00:08According to the means, a notification will be issued to review the votes after the Cabinet's approval of the committee's decision.
00:13The Cabinet Committee has agreed to form the new votes of the nine government distributors of electricity.
00:18Accordingly, the new votes of LESCO, FESCO, MEPCO, GEPCO and IESCO have been decided.
00:25The new votes of GESCO, TESCO and HESCO will also be formed.
00:29The Prime Minister has stopped the formation of the new votes of SEPCO and HESCO.
00:35The Cabinet Committee has recently revised the Act on Government-Owned Enterprises in 2023.
00:40Under this, the Cabinet Committee has introduced an ordinance on the removal of the board members of government-owned enterprises.
00:45Through the ordinance, violations of the law, obstacles and contradictions have been removed in the evaluation of the boards.
00:50According to the government sources, the power of independent directors in electricity companies is unsatisfactory,
00:56due to which their change has been decided.