On Saturday, Speaking at a press convention Enel Group CEO, Francesco Starace stated that India has opened its doors for the power distribution market & has provided an opportunity for investors.
“We are fascinated due to the fact that finally, this huge country is making it feasible for private ownership of power distribution assets,” said Francesco in a press conference. The corporation has already started electricity generation in India and is likewise searching to “cover” the distribution process, Starace stated, including that he expects energy consumption per capita to develop in lots of the parts in the country, Bloomberg reported.
In India, power distribution takes place through 3 modes – state distribution companies, captive sources, and open access. The Centre had in April this year pop out with the primary set of draft amendments to the Electricity Bill, 2003, and had requested the states to post their remarks.
In August, the energy ministry circulated draft Electricity (Late Payment Surcharge) Amendment Rules, 2021, looking for remarks for the same. The draft modification guidelines have been placed on the ministry’s website. The Electricity (Amendment) Bill is anticipated to de-license power distribution in India and in addition set the stage for new players to enter the space.