State-owned power giant NTPC has decided to foray in electricity distribution business by evincing interest to buy 51 per stake in Anil Dhirubhai Ambani Group’s (ADAG) two utilities in Delhi. The ADAG has two discoms namely BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power Ltd (BYPL).This assumes significance because NTPC is primarily power generation company.
In a letter written to Delhi Electricity Regulatory Commission (DERC) on May 26, 2020, the power giant said, “NTPC has decided to foray into power distribution sector and keen on acquiring the distribution assets (BRPL and BYPL)”.
