Two of India’s largest green energy firms, ReNew Power Ventures Pvt. Ltd and Greenko Energy Holdings, are among 10 companies that have shown an interest in buying out Chandigarh’s electricity distribution company (discom), said two people aware of the development.
Their interest in the discom business comes against the backdrop of their strategy to capture value across the electricity business chain. A case in point is sovereign funds GIC Holdings and ADIA-backed Greenko submitting non-binding offers to buy Reliance Infrastructure’s Delhi electricity distribution businesses earlier.
The others who have bought the request for proposals (RFP) document made available from 10 November for the Chandigarh discom are Tata Power, CESC Ltd, Torrent Power, Adani Group, NTPC Ltd, GMR Group, India Power Corporation Ltd, and Sterlite Power. These firms have been attracted by the robust per capita power consumption of these discoms.
