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Tata Power’s distribution arm inks distribution franchisee agreement with AVVNL

08 Jun 2017 Evaluate

Tata Power through its subsidiary - Tata Power Delhi Distribution has signed a Distribution Franchisee Agreement (DFA) with Ajmer Vidyut Vitran Nigam (AVVNL) to cater to the power requirements of customers in Ajmer for a period of 20 years. To serve the purpose, Tata Power has formed a Special Purpose Vehicle (SPV) ‘TP Ajmer Distribution’ (TPADL), which will be responsible for operating and maintaining the distribution network in Ajmer City, which includes City Division-I and City Division-II areas. It will also be responsible for managing the billing and collections in the said areas.

TP Ajmer Distribution will work closely with the existing employees of AVVNL, Government of Rajasthan, and its elected representatives, officials in electricity department as well as law enforcement agencies to serve customers with efficiency and ensure superior customer care.

Tata Power is India’s largest integrated power company with a growing international presence. The company together with its subsidiaries and jointly controlled entities has presence in all the segments of the power sector viz. Fuel Security and Logistics, Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.



Peers
Company Name CMP
NTPC 324.00
Tata Power 374.80
Adani Power 209.00
Power Grid Corpn. 270.00
Adani Energy Solut. 1415.00
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