India's NTPC to engage in electricity distribution

NTPC will explore opportunities in the electricity distribution business in India.

It is already India's largest power producer.

The group has invited expressions of interest from prospective partners through its wholly owned subsidiary NTPC Electric Supply Co. Ltd. (NESCL).

NESCL, jointly with its partner, intends to, undertake electricity distribution to end consumers (domestic / commercial / industrial / agriculture etc.) in certain areas of some states.

The Distribution Business will be undertaken through a new entity or a special purpose vehicle (SPV), which will be managed and owned jointly by NESCL & its partner.

Among the criteria, NTPC islooking for a partner with a minimum experience of five years of working in the power sector as a power distribution licensee.