 "Union Budget 2019: Discoms buying from gas units to now get subsidy")
In an ambitious move, the country's largest power producer NTPC is joining the fray for buying out the Delhi electricity distribution business of Anil Ambani-promoted Reliance Infrastructure (RInfra).
In a letter to the Delhi Electricity Regulatory Commission (DERC), NTPC said it was keen to buy 51 per cent stake in BSES Rajdhani Power and BSES Yamuna Power — the two distribution companies (discoms) owned by RInfra.
It said it was keen to foray into the distribution business, provided “the equity sale is done through a transparent process”.
Tata Group, Adani Group, and RP Goenka-promoted Calcutta Electric Supply
In a letter to the Delhi Electricity Regulatory Commission (DERC), NTPC said it was keen to buy 51 per cent stake in BSES Rajdhani Power and BSES Yamuna Power — the two distribution companies (discoms) owned by RInfra.
It said it was keen to foray into the distribution business, provided “the equity sale is done through a transparent process”.
Tata Group, Adani Group, and RP Goenka-promoted Calcutta Electric Supply
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