RPG Group company CESC Ltd has decided to spend Rs 2000 crore in 3-5 years for strengthening its distribution network.

Recently, the company has tied-up with Singapore-based SP Global Solution (SGPC) for technical assistance in revamping its distribution system.  

Under the arrangement, SPGC, a subsidiary of Singapore Power Group, will offer three-fold consultancy for a year, which will involve strategic planning, technology application and process standardization for the 567-km licensed area of CESC.  

The company stated during a press conference that it had gone for a worldwide survey to find out which city has most reliable distribution system in the world and ended its search with Singapore leading the pack followed by Tokyo, Hong Kong, Seoul and Melbourne.

According to the sources, CESC will have to pay approximate Rs 6 crore as consultancy fees to the Singapore firm, for first year.  

The company intends to fund the proposed investment worth Rs 2,000 crore through internal accruals.