8JUNE 2024NTPC PROPOSES POOLING ENTIRE CAPACITY FOR SUPPLY TO DISCOMSJIO FINANCIAL SERVICES AWAITING APPROVAL FOR JIO LEASING ACQUISITIONState-owned NTPC Ltd has kept in touch with the power ministry proposing pooling of its "entire capacity" available to be purchased of capacity to dis-tribution organizations, as per in-dividuals mindful of the turn of events. Whenever supported, the proposed move could ease supply and tasks as the organiza-tion would have the option to offer capacity to a discom from any station and not confine it to orga-nize insightful units, individuals acquainted with the matter said.The power purchase arrangements (PPAs) with some discoms are endorsed in phases of charging and each stage is a different substance for levy and planning pur-poses. According to the organization the ongoing plan limits functional adaptability and frequently influenc-es power accessibility for discoms in the event of con-strained blackouts and breakdowns of a station."Discoms/states will get a steady supply of power even in the case of shutdown of units......," the company said in a letter to the ministry, people familiar with the matter said.It likewise becomes challenging to work when a dis-com plans a power station underneath the technical least during off-peak hours. "The request is for all stations to be pooled. It is a proposal the Central Electricity Authori-ty is examining," one of the persons said. Jio Financial Services (JFS) is seeking share-holder approval for its subsidiary, Jio Leasing Services, to acquire equip-ment worth 360 billion rupees ($4.33 billion) from the retail arm of Reliance Industries. This move is part of JFS's strategy to enter the device leasing business, according to a postal ballot notice.The proposed acquisition involves telecom equipment and devices, such as routers and cell phones, which will be sourced from Reliance Industries' retail division. Jio Leasing Services plans to lease this equipment to customers of Reliance Jio Infocomm, the tele-communications arm of Reliance Industries. The products to be leased include AirFiber Wi-Fi services, phones, and laptops, enhancing the range of services offered to Jio Info-comm's customer base.ntering the device-rental market, Jio Financial will compete with established players like Hewlett Packard and Lenovo. This initiative aligns with JFS's broader strategy to diversify its offerings and capitalize on the growing de-mand for device rentals in the telecommunications sector.The voting on the proposed acquisition will conclude on June 22, and the deal is expected to be finalized and im-plemented in the financial years 2025 and 2026. This stra-tegic move highlights JFS's ambition to expand its portfolio and leverage the extensive customer base of Reliance Jio Infocomm, providing cost-effective solutions for customers while generating recurring revenue streams for the com-pany. TOPSTORIES8JUNE 2024
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