NTPC firming up plans to enter into power distribution business.

NTPC is firming up plans to enter power distribution, an area the state-run company has mostly stayed away from so far despite producing more than a quarter of India's total electricity output.

It plans to bid for distribution rights in cities that may open up the segment to the private sector. Just a handful of Indian cities at present have private distributors, all in joint ventures with state utilities, a model that NTPC too is considering. 'Many states are likely to open up distribution business for private or public participation to bring in efficiency in this sector. NTPC finds opportunity in entering into distribution business through participation in these bids,' a senior NTPC official told ET.

ET