Adani Transmission Ltd said it will seek regulatory approval for “time of day” pricing after completing the acquisition of the power generation, transmission and distribution businesses in Mumbai run by Anil Ambani-led Reliance Energy Ltd.

“We will certainly recommend to the regulator for ‘time of day’ pricing to make sure that such of the loads which can be shifted to night time when the load of the city becomes very low to consume power at a much competitive price. Those are aspects we will deal with the regulator because the regulator is the final authority to decide pricing norms,” Anil Sardana, Managing Director and Chief Executive Officer, Adani Transmission, told Business Line .

Adani Transmission funded the deal valued at ₹12,100 crore through ₹3,400 crore of promoters’ equity, while the balance was borrowed from YES Bank and SBI, Sardana stated. The deal catapults Adani Group into India’s largest integrated power company and the firm said it has lined up changes to meet the expectations of some three million customers in Mumbai.

“Customers, will see a lot of automation, lot of stuff going to them at the click of their screens. They will see all the patterns of their consumption, options in terms of how they want to source electricity, etc,” he said.

Similarly, for residential customers, there will be ease in how they get their bills, mode of payment and better payment avenues. If they have any issue related to their bills, they will have turn-around time which will be made much quicker, Sardana said.

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