Essar Power to step into distribution biz
Essar Power is planning to make its foray into the electricity distribution business and has applied for licences in Maharashtra and Bihar.
“Power distribution is an area we have been evaluating and while we have applied for a Mumbai licence, this process is in its preliminary stage and only after a detailed analysis of this opportunity will we make any binding commitment towards this,” an Essar Group spokesperson was quoted as saying.
The company had applied to the Maharashtra Electricity Regulatory Commission (MERC) for a licence to supply power in Mumbai. The company is also looking at distribution licence in other cities.
“We have been evaluating opportunities being offered by state governments under the distribution franchisee model. We have submitted bids in the past for opportunities in Maharashtra and Bihar,” added the spokesperson.
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