NEW DELHI: Power Minister R K Singh on Thursday ruled out consolidating all state-owned power sector firms like NTPC, NHPC, SJVNL and PFC into a single entity, saying it would be the biggest company of the world but will not be manageable. However, the minister said discussions are on regarding merger of some companies under the Power Ministry.
The issue of consolidation in the power sector gained prominence after the government recently approved REC’s takeover by the Power Finance CorporationNSE -1.38 % (PFC).
