Tata Power-backed Renascent Power Ventures, which acquired a 75.01 per cent stake in Prayagraj Power from lenders as part of stressed asset resolution process, is likely to start selling power from the plant without any discount on power tariff.
Following representations made by lenders to the Uttar Pradesh Electricity Regulatory Commission (UPERC) — which has been hearing the petition filed by SBI, the lead lender, for change in ownership of the plant — the regulator is likely to come out with an order by the end of this week, sources aware of the matter told BusinessLine.
