Former Haryana Minister and INLD leader Sampat Singh urged the Haryana Electricity Regulatory Commission (HERC) to reject outright the petition filed by a private firm – Eleven Power Private Limited seeking permission to enter the electricity distribution business in Gurugram and Nuh districts.
The senior leader accused the BJP government of orchestrating a backdoor privatisation of the state’s electricity distribution network.
He said the move to grant a parallel distribution license to a private company in Gurugram and Nuh was a “pre-planned loot of public assets” and he warned that it would be resisted with full technical, legal, political and popular force.
“First, the government destroyed farmers, then they sold their Public Corporations. Now, they have set their eyes on Haryana’s power grid,” he said, adding that the people of Haryana would not let this robbery to happen.
The former minister pointed to the shocking timing of the privatisation bid as the power corporations were already reeling under debt – with combined losses crossing Rs 27,915 crore, outstanding dues over Rs 10,000 crore and total loans touching Rs 30,904 crore.
“Now the government is facilitating a private company incorporated just last year. This company has no history, no track record. Yet it dares to propose a Rs 4717 crore project. Who is backing them? The BJP government must answer,” he demanded.
Terming it a ‘giant financial mirage’, Singh said that the company’s own audited balance sheet shows a paid-up capital of just Rs 1 crore and accumulated losses. Yet, it claims a net worth of Rs 4,085 crore based on the “market value” of its holding company’s shares, not the book value of just Rs 95 crore.
“This is not a technicality. This is a fraud waiting to happen. The HERC itself has questioned this and the BJP is complicit,” he alleged.
Singh also raised questions about the selection of Gurugram and Nuh districts.
“Official data shows 75% of DHBVN’s revenue comes from just three districts, with Gurugram having the lowest losses and highest-paying consumers. The petitioner’s own business plan admits it will initially focus on the most lucrative pockets. This is textbook cherry-picking. The private company wants the cream – the profitable urban consumers – leaving the public discom to serve only the poor and rural. The cross-subsidy framework will collapse overnight,” he warned.
Singh said the company has no power purchase agreements, no land and no substations. “This is a house of cards built on political patronage,” he said.
