Fresh twist to Delhi discoms sale, NTPC throws its hat in the ring

NEW DELHI : India’s largest power generation utility NTPC Ltd has evinced interest to acquire Reliance Infrastructure Ltd’s Delhi electricity distribution businesses, said a person aware of the development.

This comes in the backdrop of Enel Group of Italy, Torrent Power Ltd and Greenko Group submitting non-binding offers on Friday to buy Reliance Infrastructure Ltd’s 51% stake each in BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power Ltd (BYPL), that supplies electricity to around 4.4 million customers in the national capital.

According to a communication dated 26 May to Delhi State Regulatory Commission (DERC) reviewed by Mint, state run NTPC said, “We have learnt from media reports that Reliance ADAG wants to divest its 51% stake in BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power Ltd (BYPL).”