NEW DELHI: Delhi State Regulatory Commission (DERC) does not plan to intervene in the ongoing sale process of Delhi electricity distribution businesses owned by Reliance Infrastructure Ltd, said the regulators’ chairperson, SS Chauhan.
This comes in the backdrop of India’s largest power generation utility, NTPC Ltd, in a 26 May communication to the regulator, evincing interest to acquire Reliance Infra’s 51% stake each in BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power Ltd (BYPL), for which Enel Group of Italy, Torrent Power Ltd and Greenko Group have separately submitted non-binding offers.
NTPC has been working on a strategy to face the challenges posed by an evolving energy landscape marked by regulatory norms and record low green energy tariffs. It may also also compete in the privatisation exercise of power distribution utilities in the union territories, Mint had reported.
