Author: Power Peak Digest Team Pub Date: February 5, 2025

Eminent Electricity Distribution Limited (EEDL), a wholly-owned subsidiary of CESC Limited, has signed a share purchase agreement (SPA) with Chandigarh Power Distribution Limited (CPDL) to acquire 100 per cent equity in a distribution company. 

As a result, Chandigarh Power Distribution Ltd (CPDL) becomes a step-down subsidiary of CESC Ltd. The deal is valued at Rs 8.71 billion in cash.

The acquisition was completed for approximately Rs 8.71 billion. Effective February 1, 2025, all electricity-related functions, assets, liabilities, rights, and personnel of the Electricity Wing of the Engineering Department, Chandigarh (EWEDC) were transferred to CPDL. This marks the completion of the privatization process of Chandigarh’s power distribution, which began nearly five years ago.

The process began in May 2020, with the Union power ministry’s decision to privatize power distribution in all Union territories, starting with Chandigarh. After a series of legal and procedural steps, Eminent Electricity Distribution Ltd emerged as the highest bidder in August 2021, acquiring 100 per cent control. The acquisition agreement was finalized on January 31, 2025.

CPDL is engaged in power distribution projects, with a focus on expanding its distribution business and retail supply of electricity.  

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