The Jharkhand cabinet Monday gave its approval for division of the state electricity board into four parts, an official said.
"The state cabinet today gave its approval for the division of the JSEB (Jharkhand State Electricity Board) into four parts.
Four companies will be formed after the division. The companies will be holding, distribution, transmission and generation," state Energy Secretary Vimal Kirti Singh told reporters after the cabinet meeting.
The JSEB division was deferred 28 times in the last eight years due to protests by its employees.
According to sources in JSEB, the central government had informed the state that if the division was not done it will not get the Rs.4,000 crore assistance in future. Dec 31 was the deadline for the decision.
The Jharkhand cabinet also approved Rs.298 crore to be given to Bihar as pension liabilities.
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