Reliance Infra Moves MERC For Sale Approval Of Mumbai Power Business To Adani Transmission

Reliance Infra Moves MERC For Sale Approval Of Mumbai Power Business To Adani Transmission

Anil Ambani-led Reliance Infrastructure (RInfra) today said it has filed an application before state electricity regulator MERC for approval to sell its Mumbai power business to Adani Transmission (ATL).

“RInfra has moved an application before Maharashtra Electricity Regulatory Commission (MERC) for its approval to assign its transmission and distribution licenses and transfer the integrated Mumbai power business to ATL,” the company said in a statement issued here.

The company has sought approvals from MERC for assigning its licenses and transfer the businesses to RInfra’s wholly owned subsidiary Reliance Electric Generation and Supply (REGSL), which will then be acquired by Adani Transmission. Read More…

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