IndiaCatalog.com
India News
Search Web Directory
News Home
NTPC-Power Grid JV likely to be distribution sector operator
Posted on 27th June 2019
The Centre’s latest plan to form a national electricity distribution company is likely to be a distribution sector operator (DSO), with overarching responsibilities of sectoral reforms and technical expertise. Officials said the company would be involved in the consultancy business and not exactly intervene in the business of state-owned power distribution companies (discoms).

Last week, India’s two leading public sector utilities — NTPC and Power Grid Corporation of India — formed a joint venture to set up a National Electricity Distribution Company. Senior executives said a committee had been set up that is designing the road map for the company. “It would also need approvals from the NITI Aayog and the Department of Investment and Public Assets Management,” said an executive.

A statement by the spokesperson of the Ministry of Power last week said: "An agreement has been entered between Power Grid and NTPC on June 21 for the formation of a JV company on a 50:50 equity basis for setting up National Electricity Distribution Company (NEDCL). The main objective of the JVC is to undertake the business for distribution of electricity in distribution circles in various states and union territories of India and other related activities."

Senior government officials dismissed the notion that the new company would function like an alternative discom. Electricity in India is in the concurrent list, wherein power distribution is a state subject. Barring few areas in some states, Delhi, and Mumbai, discoms are owned by the state governments but are financially beleaguered. Losses of state-owned discoms grew over 40 per cent to Rs 21,658 crore at the end of FY19.

“There is not one agency that can be the guiding force for reforms that discoms need to take... Operational efficiency can be improved with technological intervention. These companies are adept at doing it,” said an official.

Related Companies: NTPC Limited   

Other Latest News
Gold prices slump to Rs 48,900 per 10 gm, Silver rallying at Rs 51,950 a kg
Posted on 11th July 2020
Gold prices on Saturday fell to Rs 48,900 from Rs 49,100 per 10 gram, while silver climbed to Rs 51,950 from Rs 51,900 per kilogram, according to Good Returns website.

Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.

Facebook plans to ban political ads before US Presidential election: Report
Posted on 11th July 2020
Facing intense criticism from all quarters, Facebook is planning to ban political ads on its platform like Twitter does as the US inches closer towards the presidential election in November, the media reported on Saturday.

According to a report in CNN Business citing sources, the potential ban on political ads to reduce the spread of disinformation has been under consideration since last fall.

RIL closes four Jio stake sale deals, receives Rs 30,062 cr from investors
Posted on 11th July 2020
After Facebook Inc, Reliance Industries has closed deals to sell a minority stake in its digital arm to four other investors, receiving a total of over Rs 30,062 crore.

In a regulatory filing, Reliance said it has closed the sale of 6.13 per cent stake in Jio Platforms with L Catterton, The Public Investment Fund, Silver Lake and General Atlantic.

Kolkata: Eden Gardens to be used as COVID-19 quarantine facility for police personnel
Posted on 11th July 2020
Kolkata Police can now use the galleries of Eden Gardens stadium as a makeshift quarantine facility, the Cricket Association of Bengal (CAB) on Friday said.

A meeting at Kolkata Police Headquarter, Lal Bazaar, took place at the Chamber of Special Commissioner Jawed Shamim. It was attended by CAB president Avishek Dalmiya.

India sees 27,114 new coronavirus cases, tally crosses 8 lakh-mark
Posted on 11th July 2020
In another highest single-day spike of coronavirus cases, India on Saturday reported 27,114 new cases in the last 24 hours. As many as 519 deaths were reported during this period.

With this, the country's total count has crossed the eight lakh-mark.

The total number of positive cases in the country stands at 8,20,916, including 2,83,407 active cases, 5,15,386 cured/discharged/migrated and 22,123 deaths, according to the Ministry of Health and Family Welfare.

» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for NTPC-Power Grid JV likely to be distribution sector operator
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for NTPC-Power Grid JV likely to be distribution sector operator

Most Read News

China has caused great damage to the US, rest of the world: Trump

COVID-19 Outbreak: India crosses Russia, takes third spot in list of worst-hit nations

Gold price slides Rs 188 to Rs 48,444 per 10 gm, silver is 48,870 per kg

Apollo Tyres decides to reduce capex by Rs 400 crore over coronavirus

GMR completes stake sale in airport biz to Groupe ADP, gets Rs 4,565 cr

More India News

  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2020 IndiaCatalog.com
    All Rights Reserved
Privacy Statement