This tripartite agreement entered into on this 28^th day of October, 2000 between the Government of NCT of Delhi represented by Principal Secretary (Power) to Govt. of NCT of Delhi (here in after called the "GNCT of Delhi") on the first part.

The Delhi Vidyut Board Joint Action Committee which consists of Delhi State Electricity Workers Union Recog.) DESU Engineers (Association. (Recog.), DVB Generation Engineers and Supervisors Association (Recog.), DVB Officers Association (Recog.), DVB Sub-Station Technical Staff Association (Regd.) and DVB Technical Employees Association (Regd.) and representing workers, supervisors, engineers and officers of Delhi Vidyut Board (here in after called joint Action Committee on the third part) through its Convener Sh. Heera Lal Sharma and representatives and office bearers of constituent associations:-

Whereas the Government of NCT of Delhi declared its policy to restructure of Delhi Vidyut Board for the purpose of restoring the operational and financial viability to meet the future demand for sufficient supply of energy.

Now, therefore, in consideration of the promises and mutual conditions set forth herein, it is agreed that in the event of reorganization of DVB into two or more corporate entities and disinvestment of any such entities of GNCT of Delhi and the DVB hereby guarantee as follows:

The terms and conditions of service upon transfer to the corporate entities, such as promotions, transfers, leave and other allowances, etc regulated by existing regulations/service rules e.g. FR/SR will be guaranteed to continue the same and any modifications shall be by mutual negotiations and settlement with recognised unions/associations without decrement to the existing benefits.

With regard to wage negotiations, the present system of bipartite negotiations shall continue.

The Government shall create a Pension Fund in the form of a trust and the pensionary benefits of absorbed employees shall be paid out of such Pension fund.

E)

All the existing welfare measures like the scheme for compassionate appointment and medical reimbursement etc., shall be continued.

F)

All benefits of the services rendered by the employees in the Board as on the date of restructuring i.e. the effective date shall be protected and shall be given full effect.

G)

The period of the service of the employees under the Board and under the Corporate entity shall be treated as continuous service for the purposes of all service benefits and terminal benefits payable to the personnel.

H)

The existing welfare benefits to the retired employees shall continue. All obligations in respect of payment of pension, retirement benefits including provident fund, superannuation pension, encashment of leave, gratuity, LTC, Electricity Concession, Medical benefits, DA and benefits available to the present SC, ST, OBC and other employees, who have retired and-who-are going to retire from the services of the Board before the date of restructuring of DVB shall be the responsibility of the Corporate entities and the Trust and guaranteed by the Government of NCT of Delhi.

I)

The Government and the successor entities of the DVB shall follow transparent procedures in accordance with law in regard to the assets and liabilities of DVB.

J)

All the existing agreements/ settlements and liabilities shall be honoured by the successor entities to the Board and the workmen represented by the recognized union and the associations.

K)

In the event of formation of two or more corporate entities all the existing employees will be absorbed in these corporate entities, which would be the successor bodies to the Board.

L)

The employees transferred to the service of the corporate entities shall be deemed to have entered into an agreement/settlement with the corporate entities to fulfill the obligations assumed by them with the Board including in respect of repayment of loans, advances and other sums due which remain outstanding from the employees on the effective date.

M)

All disciplinary proceeding pending at the time of restructuring shall be dealt with by the successor entities (All disciplinary cases already finalized and punishments) awarded by the Board shall not be reopened.

N)

The existing work norms shall continue in the corporate entities. Any change there in shall be brought about through negotiations / settlements between the recognised union/Associations and management.

O)

While formulating the transfer scheme, the career prospects of the employees working in 66 KV and 33d KV Sub-Stations and other employees shall be taken Into consideration.

P)

Government may consider the request of the recognised union for the appointment of a worker's representative on the Board of Directors of the Corporate entities wholly at the discretion of the Government, Such representative, (if so decided) shall have the experience in industrial relations and contributed in maintaining industrial peace and improvement in consumer service.

Q)

An ad-hoc payment of Rs. 500/- per month will be paid to each of the employee on transfer to the new corporate entities which will be adjusted against any future pay revision.

R)

In the event of any dispute/difference arising out of this Tripartite Agreement efforts will be made to resolve amicably or through the Lt. Governor (Delhi) as an arbitrator or his nominee as appointed by him. Courts at Delhi/New Delhi shall have the Jurlsdlction in the event of any Iligation.

S)

The Tripartite Agreement entered herein shall be duly notified.