REC eyes stake in private distributors
Rural Electrification Corporation (REC) has evinced interest in picking up state private sector power distribution companies' stake. At a press conference in Kolkata, H D Khunteta, director (finance), REC, said the company had started financing private sector power utilities and was open to acquiring stake in them. "If the right opportunity comes, REC will pick up equity stake in private companies,' he said.