NTPC Eyes Majority Stake in ADAG’s BRPL, BYPL to Foray into Distribution Biz By Manu Tayal/ Updated On Wed, May 27th, 2020 Country’s largest power generation utility NTPC is planning to foray into electricity distribution business as it has evinced interest to acquire majority stake of 51 per cent in Anil Dhirubhai Ambani Group’s (ADAG) two utilities. The ADAG has two Discoms in Delhi namely BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power Ltd (BYPL), which supplies electricity to approx 4.4 million customers. This assumes significance as the state-owned NTPC is primarily into power generation. NTPC Tenders for HT Switchgear Package for Solar Project in M’rashtra Also Read As per the media report, NTPC’s move is in the backdrop of few companies namely Enel Group, Torrent Power and Greenko Group submitting non-binding offers to buy majority stake in ADAG utilities. In a letter written to Delhi Electricity Regulatory Commission (DERC) on May 26, 2020, NTPC said that, “NTPC has decided to foray into power distribution sector and keen on acquiring the distribution assets (BRPL and BYPL).” “We have learnt from media reports that ADAG wants to divest its 51 per cent stake in BRPL and BYPL,” power giant added. ONGC and NTPC to Form JV for Renewable Energy Business Also Read The company further added that “NTPC is keen to explore the opportunities for acquiring 51 per cent stake in BRPL and BYPL, which are on sale, provided that the equity sale is done through a transparent process.” However, the speculation is rife that number of players are keen to buy 51 per cent stake in these two utilities of Reliance Infrastructure. Recently, the two Maharatna companies NTPC and ONGC entered into a Memorandum of Understanding (MoU) to set up a Joint Venture (JV) company for the renewable energy business. This MoU will enable both companies to achieve their targets in the renewable energy business. In another significant development, NTPC has floated tender inviting eligible bidders for HT switchgear package of Solapur solar photovoltaic (PV) project at Solapur in Maharashtra. The earnest money deposited (EMD) for the tender is Rs 1 lakh and the tender fee is Rs 1,125 excluding bank charges. Tags: Anil Dhirubhai Ambani Group, BRPL, BYPL, Discoms, India, NTPC, ONGC, Power Distribution