The Devendra Fadnavis government is looking at offloading some of its electricity assets, both in the generation and distribution sector. Confirming this, state's Power Minister Chandrasekhar Bawankule said the government would first re-evaluate the value of assets of the state-run power companies. He said the move to monetise certain assets was being considered to overcome the debt burden in the power sector.

The state's power generation arm Mahagenco has amassed losses worth INR 50000 million, whereas the distribution arm Mahadiscom has losses totalling nearly INR 150000 million. Sources in the power ministry said the government was considering the option of monetising 10% of its assets. Sources, meanwhile, informed that the government is expecting that public sector giant, the NTPC Ltd. (BSE:532555) which is cash rich and also seeking to augment its generation and capacity, would evince interest in buying these stakes.

Sources, however, said that the NTPC's first preference would be green field power projects. Deliberations in this regard have been carried out with Union Power Minister Piyush Goyal.