Power sector reforms gain pace as pvt cos bid to buy UT discoms
India’s next generation power sector reforms have gained traction with private firms, including ReNew Power Ventures Pvt. Ltd, Adani Group, Torrent Power, and CESC Ltd, bidding for the power distribution companies (discoms) for the Union territories (UTs) of Dadra and Nagar Haveli, and Daman and Diu, said two people seeking anonymity.
State-run NTPC Ltd, Adani Group, ReNew Power, Tata Power, Torrent Power, and Sterlite Power have also placed their bids to acquire the Chandigarh discom, as part of India’s efforts to privatize discoms.
India seeks to privatize the discoms for eight Union territories for an enterprise value of around $700 million. Unlike the discoms run by state governments, discoms for the Union territories are administered by the Centre.
