Tata Power bags electricity supply contract from Odisha
Tata Power has bagged the licence for supplying power to Odisha for 25 years.
In a filing to the exchanges, Tata Power said that the Odisha Electricity Regulatory Commission (OERC), selected the company for the distribution and retail supply of electricity in Odisha’s five circles, together constituting Central Electricity Supply Utility of Odisha (CESU). These five circles span across Bhubaneswar, Cuttack, Paradip and Dhenkanal.
Tata Power will form a Special Purpose Vehicle (SPV) entity in which the Government of Odisha, which will own 49 per cent equity and the remaining 51 per cent by Tata Power.
