Torrent Power resumes distribution to Dadra & Nagar Haveli, Daman & Diu

Torrent Power on Friday announced a formal takeover of power distribution operations in the Union Territories (UTs) of Dadra & Nagar Haveli, Daman and Diu, one of the first UTs to be privatized under the government program.

Torrent Power will now serve approximately 150,000 customers in UT through a newly formed entity, Dadra and Nagar Haveli and Daman and Diu Power Distribution Corporation Limited (DNHDD Power Distribution Company).

The new entity will see Torrent Power hold 51% of the capital while the UT administrator of Dadra & Nagar Haveli, Daman and Diu will hold the remaining 49% of the capital.

With a customer base of around 150,000, the new DNHDD Power Distribution Company will achieve annual sales of 9 billion units of power and an annual revenue of around Rs 4,500 crore.

According to Varun Mehta, Executive Director – Distribution, Torrent Power, said that with the addition of Dadra & Nagar Haveli, Daman and Diu, the company will have a total customer base of 3.8 million in 12 cities and annual sales of 24 billion units of power. and peak demand of 5,000 MW in its licensed and franchised areas of Gujarat, Maharashtra, Uttar Pradesh and Dadra & Nagar Haveli, Daman and Diu.

In the past, Torrent Power had acquired and led the turnaround of distribution networks in cities like Ahmedabad, Gandhinagar and Surat in Gujarat; Bhiwandi, Shil, Mumbra and Kalwa in Maharashtra and Agra in Uttar Pradesh.

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