NEW DELHI: State-run power generation giant NTPC has shown interest in buying out controlling stake in the Anil Ambani-run power utilities in Delhi – BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power Ltd (BYPL). In a letter to the Secretary, Delhi Electricity Regulatory Commission, (a copy of which is with Express), NTPC said it is “keen to explore opportunities for acquiring 51 per cent stake in BRPL and BYPL, which are on sale, provided the equity sale is done in a transparent manner.”
The two power distributors run by Reliance Anil Dhirubhai Ambani Group (ADAG) was up for sale, said sources, as the company has been dragged down by heavy debt. Among others, Torrent, Greenko and Italy’s Enel had given in non-binding offers and were involved in due diligence of the two firms. However, sources said their understanding was that most of the buyers were looking at picking up the distributing firms on the cheap.
