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Reliance, Essar apply for power trading licence

Our Bureau

New Delhi , Nov. 3

RELIANCE Industries Ltd and Essar Energy are among the six applicants who have applied for licence to venture into power trading.

The other companies include Power Trading Corporation (PTC), Trans Power Ltd, Koila Energy and Adani Group, according to officials.

The players could go ahead with their business plans but the licence would be issued to them only after the authorities satisfy themselves that they meet the required guidelines, a senior Central Electricity Regulatory Commission official said.

PTC is the only company currently engaged in the trading business. Reliance's presence in the power sector is through BSES Ltd, in which it holds a majority stake.

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