NTPC and SJVN in fray to buy PTC’s wind power assets
NEW DELHI : State-run NTPC Ltd and SJVN Ltd have placed bids to buy out PTC India Ltd’s 289MW wind power assets spread across Madhya Pradesh, Karnataka, and Andhra Pradesh, said two people aware of the development.
With a potential enterprise value of around ₹2,000 crore, the sale is part of the country’s largest electricity trader PTC India Ltd’s plans to exit its wind power business.
These seven assets are owned by PTC India’s subsidiary PTC Energy Ltd.
This deal comes against the backdrop of India’s electricity demand registering an all-time high of 187.3GW on Friday morning. KPMG was previously hired to manage the sale, which initially saw interest from Macquarie Infrastructure and Real Assets, CLP India Pvt. Ltd, and Hero Future Energies.
