Press Trust of India / New Delhi Mar 05, 2010, 15:25 IST
State-owned NTPC is believed to have approached the Power Ministry on selling off its 16.5 per cent stake in PTC India as the company plans to focus on its own power trading business.
PTC India is a government initiated Public-Private Partnership, primarily focused on developing a commercially vibrant power market in the country. NTPC, NHPC, Power Finance Corporation and Power Grid Corp currently hold 16.5 per cent stake each in PTC India.
NTPC would like to offtake its stake in PTC India as they (PTC) are already off the ground, sources in the know said.
The power generator would want to concentrate on its own trading company NTPC Vidyut Vyapar Nigam, sources said.
It (NTPC) is in discussions with the Power Ministry regarding the same, they said, adding that NTPC is of the view that PTC India is already on its feet and does not require its support .
The main objective of NTPC Vidyut Vyapar Nigam will be to purchase electricity generated both from both conventional and non-conventional sources.
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