Tata Power, Adani Group, CESC eye Odisha discoms

NEW DELHI: Billionaire Gautam Adani-owned Adani Group, RP-Sanjiv Goenka group’s flagship electricity generation and distribution firm, CESC Ltd, and Tata Power Co Ltd are among those who have evinced interest in acquiring Odisha government’s three electricity distribution companies (discoms), said two people aware of the development.

The discoms that will be privatised are – Western Electricity Supply Utility of Odisha Ltd (WESCO), North Eastern Electricity Supply Company of Odisha Ltd (NESCO) and the Southern Electricity Supply Utility of Odisha Ltd (SOUTCO). This comes after Tata Power won a 25-year licence for distribution and retail supply of power in five circles of Central Electricity Supply Utility of Odisha (CESU Odisha). Tata Power plans to make a capital expenditure of Rs1,541 crore during FY21 to FY25 in CESU.

While global analytics company, Crisil, will manage the sale of WESCO and SOUTCO, Deloitte has the sale mandate for NESCO.