The Tata Power on Monday took over the management of Central Electricity Supply Utility (Cesu) for distribution and retail supply of electricity in five circles, Bhubaneswar, Cuttack, Puri, Paradip and Dhenkanal.
The Tata Power had earlier received a Letter of Intent (LoI) from the Odisha Electricity Regulatory Commission (OERC). As per a decision of the OERC, the Tata Power would hold 51% equity with management control and the State-owned Gridco would have the remaining 49% in the company.
The Tata Power has committed to improve and modernise the distribution system.
