AHMEDABAD: Torrent Power on Friday announced the formal takeover of power distribution operations in the Union Territory of Dadra & Nagar Haveli (DNH), Daman and Diu. The union territories are among the first ones to be privatised under the Union government’s ambitious programme to privatise the distribution network.
The discom will now serve some 1.5 lakh customers in DNH, Daman and Diu, through a newly formed company – DNHDD Power Distribution Corporation Limited (DNHDD Power Distribution Company), where Torrent Power will own 51% stake.
DNHDD Power Distribution Company will have annual sales of 9 billion units of power and annual revenue of about Rs 4,500 crore.
