Delhi State Regulatory Commission (DERC) will not intervene in the sale process of Reliance Infrastructure Ltd’s Delhi electricity distribution businesses, said DERC chairperson S.S.Chauhan.
The development comes after India’s largest power generation utility, NTPC Ltd, in a 26 May communication to the regulator evinced interest in acquiring a 51% stake each in BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power Ltd (BYPL). Enel Group of Italy, Torrent Power Ltd and Greenko Group have also submitted non-binding offers to pick up stakes in the two Reliance Infra entities.
NTPC has been working on a strategy to address the challenges posed by an evolving energy landscape, marked by regulatory changes and record-low green energy tariffs. It may also compete in the privatization exercise of power distribution utilities in Union territories, Mint had reported.
