Why NTPC wants to buy BSES’s Delhi discoms
NEW DELHI: In a surprising turn of events, state run NTPC Ltd, India’s largest power generation utility, has conveyed its intention to acquire Reliance Infrastructure Ltd’s Delhi electricity distribution businesses.
Its interest in buying 51% stake each in the lucrative BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power Ltd (BYPL) discoms, that supplies electricity to around 4.4 million customers in the national capital is understandable given its ambitions for the power distribution space.
Enel Group of Italy, Torrent Power Ltd and Greenko Group have submitted non-binding offers to buy Reliance Infrastructure Ltd’s Delhi electricity distribution businesses.
