NTPC drops plan to bid for BSES discoms, cites lack of transparent process
State-owned NTPC, India’s largest power generator, has dropped its plan to buy out Reliance Infrastructure stake in two power distribution licence areas in Delhi.
The power retailing rights are currently controlled by joint ventures of Reliance Infrastructure and the state government.
NTPC had in May showed interest in the stake sale but has now cited “lack of transparent process” for not taking part in the bidding. It is, however, looking to take part in the discoms bidding in two Union territories — Puducherry and Chandigarh.
Company sources said NTPC dropped the plan because the bidding was not being conducted by the Delhi Electricity Regulatory Commission (DERC).
