Large Foreign Utilities Attracted To Indian Discoms
A host of companies and large funds from India and overseas are likely to compete in the privatization exercise of power distribution utilities in the Union territories, attracted by their robust per capita power consumption, said three people with knowledge of the matter. Large foreign utilities such as Italy’s Enel Group, Malaysia’s Tenaga Nasional Bhd, Electricite de France SA and Hong Kong’s biggest electricity provider China Light and Power Co. Ltd are expected to participate. The probable investors include funds such as Brookfield Asset Management Inc., Caisse de dépôt et placement du Québec, CDC Group Plc, Macquarie Group and Actis Llp. The Union government aims to privatize discoms in the Union territories of Dadar and Nagar Haveli, Daman and Diu, Puducherry, Chandigarh, Andaman and Nicobar Islands, Lakshadweep Islands, Ladakh and Jammu and Kashmir discoms. These discoms have an enterprise value of around $700 million.
Tags : ALLIED Electricity Union government Indian Discoms power consumption Foreign Utilities