The order is expected to be delivered in the next few weeks.
The state government has directed Mahavitaran (state-owned electricity company) not to disconnect power supply in the drought-hit areas of the state. (Representational image)
Mumbai: The Maharashtra Electricity Regulatory Commission (MERC) has reserved order about giving its nod to Reliance Infrastructure Ltd’s (RIL) sale of the Mumbai power business to Adani Transmission Ltd. (ATL).
The order is expected to be delivered in the next few weeks.
RIL has already received approval of the Competition Commission of India (CCI) and its shareholders for the deal. RIL and ATL had signed a definitive binding agreement for sale of 100 per cent stake in the integrated business of generation, transmission and distribution of power for Mumbai in December 2017. The total value of the RIL-ATL deal is estimated at rs 18,800 crore.
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