Power Grid mulls foray into electricity distribution sector
Central transmission utility Power Grid Corporation is mulling a foray into electricity distribution sector and is in talks with various states, including Uttar Pradesh and Orissa, for the same.
“We want stake in a distribution company but we would not be buying or selling power. So, we are working out whether we can have a Special Purpose Vehicle or a subsidiary in this regard.
“Legally, we are looking at what can be done,” a senior Power Grid official told PTI.
The company is in talks with distribution companies in the states of Uttar Pradesh, Jammu and Kashmir, Orissa and Jharkhand as part of efforts to enter the distribution sector.