NTPC Ltd wants to buy out the 51 per cent stake of Reliance Infrastructure Ltd from Delhi’s power distribution companies.
In a letter to the Delhi Electricity Regulatory Commission (DERC), NTPC expressed its interest to enter the power distribution sector and acquire the distribution assets. NTPC is the first public sector undertaking to join the race to buy ADAG’s stake in BSES. Enel Group, Torrent Power and Greenko Group are also said to have evinced interest in buying this stake.
“NTPC is keen to explore the opportunities for acquiring 51 per cent stake in BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power Ltd (BYPL), which are on sale, provided the equity sale is done through a transparent process,” stated the NTPC letter to DERC seen by BusinessLine.
