Tata Power subsidiary bids for discoms in Nigeria – Business Standard

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Tata Power

Tata Power

Delhi’s premier discom Tata Power Delhi Distribution Ltd has bid for three power distribution companies in Nigeria by forming two separate consortiums with two leading companies of the African nation.

If TPDDL, a subsidiary of Tata Power, wins the contract, then it will be the first Indian discom to get involved in power distribution in a foreign country. The total investment required in three discoms has been estimated at USD 900 million (Rs 1,560 crore).

The Nigerian government had decided to privatise 11 state-owned distribution companies as part of reforming the power sector and a total of 54 companies had bid for them out of which 21 firms including TPDDL have cleared the technical evaluation process.

 

In : Business

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