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NTPC may offload its 16.5% stake in PTC India as it wants to concentrate on its own trading company NTPC Vidyut Vyapar Nigam
State-owned NTPC Ltd is believed to have approached the power ministry for selling off its 16.5% stake in PTC India Ltd as the company plans to focus on its own power-trading business, reports PTI.
PTC India is a government initiated Public-Private Partnership (PPP) power trading solutions provider, which is primarily focused on developing a commercially vibrant power market in the country. NTPC, NHPC Ltd, Power Finance Corp and Power Grid Corp currently hold 16.5% stake each in PTC India.
NTPC would like to offload its stake in PTC India as PTC is 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.
NTPC is in discussions with the power ministry regarding the same, sources 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 from both conventional and non-conventional sources.