High power use adds to lure of UT 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.

Among local companies interested in the assets are state-run NTPC Ltd, electricity generation and distribution company CESC Ltd, Torrent Power, Greenko Group, Tata Power, National Investment and Infrastructure Fund (NIIF) and Adani Group, the people said requesting anonymity.

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