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Vandana Gombar: A new avatar for utilities

Giant companies are now becoming lean, mean and agile

Vandana Gombar 

Vandana Gombar The term "nimble utility" is no longer an oxymoron. Those giant companies which generate power - or transmit and distribute it - on the promise of a regulated return are now trying to house multiple "growth" businesses. Italy's largest power generator, Enel, has offered to install fibre-optic broadband cables across the country using the right-of-way it has for the power network, which gives it a significant cost advantage. Its renewables subsidiary, Enel Green Power, is one of the most aggressive bidders for wind and solar plants in competitive auctions, especially ...

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First Published: Tue, October 18 2016. 21:49 IST
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