Deloitte and SBI Caps to help with UT power discoms’ privatization

Deloitte and SBI Capital Markets Ltd have been appointed consultants to help with the privatization of Union territories’ electricity distribution companies (discoms), said two people aware of the development.

While state-run Power Finance Corporation (PFC) has appointed Deloitte to help with the sale process to privatize discoms in the three Union territories of Puducherry, Chandigarh and Andaman and Nicobar Islands; SBI Capital Markets Ltd has received the mandate for Dadar and Nagar Haveli, Daman and Diu, Jammu and Kashmir and Ladakh.

A union power ministry spokesperson confirmed the development.

India has stepped on the gas for ushering in next generation power sector reforms, by appointing these consultants to help with the preparatory work for the exercise, that is expected to be completed by December.

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