Tata Power takes over power distribution in northeastern Odisha

MUMBAI: Tata Power, has taken over the management and operations of NESCO–North Eastern Electricity Supply Company of Odisha–upon completion of the sale process, the company said today.

NESCO will now operate as TP Northern Odisha Distribution Ltd (TPNODL).

As per an order issued by the Odisha Electricity Regulatory Commission (OERC), Tata Power will have 51% stake in the entity with management control and the state-owned GRIDCO will have 49% equity stake.