Return
to Story Page
To print: Select File and then Print from your
browser's menu
PRESS TRUST OF INDIA
NEW DELHI, Nov 9: Leading financial institutions including Unit Trust of India (UTI) and Industrial Development Bank of India (IDBI) have sought equity in the proposed Power Trading Company (PTC) for buying power from private producers. Power Minister P R Kumaramangalam said in an interview that Industrial Finance Corporation of India (IFCI), Industrial Development Finance Corporation (IDFC) and Industrial Credit and Investment Corporation of India (ICICI) were the other institutions which have evinced interest in picking up stake in the proposed company.
Central power utilities National Thermal Power Corporation (NTPC), Power Grid Corporation (PGCIL) and Power Finance Corporation (PFC) would have controlling stakes in the PTC, he said.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
------------------------------------------------------------
This story was printed from Net Express located at http://www.expressindia.com. Net Express provides a portal to India, with news from The Indian Express and The Financial Express along with sites on travel and tourism, the entertainment industry, the power sector, the environment and much more.
------------------------------------------------------------