National Electricity Distribution Company Limited
A Memorandum of Agreement (MoU) was signed by National Thermal Power Corporation Limited (NTPC) and PowerGrid Corporation of India Limited to set up the National Electricity Distribution Company Limited (NEDCL).
NEDCL would be a joint venture on 50:50 equity basis. It will undertake the business for distributing electricity and other related activities in distribution circles of India.
NEDCL could prove a major gamechanger since NTPC, a leading power generator, and Power Grid, which owns India s largest power transmission network are entering into consumer electricity supply business. This is expected to enhance 3A s (Availability, Accessibility and Affordability) of the Electricity.
NEDCL can also aid in overhauling the power distribution sector since the existing reform scheme UDAY (Ujwal DISCOM Assurance Yojana) could not deliver effectively on its stated objectives.
Category: Government Schemes Current Affairs
Topics: Electricity • National Electricity Distribution Company Limited • National Thermal Power Corporation Limited • NEDCL • NTPC • power distribution • PowerGrid Corporation of India • UDAY • Ujwal DISCOM Assurance Yojana