Tata Power on Monday said it has taken over the management of electricity distribution of five circles in Odisha, together constituting Central Electricity Supply Utility (CESU) of the state.
The five circles consist of Bhubaneshwar, Cuttack, Puri, Paradip and Dhenkanal. As per order issued by the Odisha Electricity Regulatory Commission (OERC) on May 28, 2020, Tata Power will hold 51% equity with management control and the state-owned GRIDCO will have the remaining 49% equity stake in the company, an official statement said.
Tata Power said its priority will be to improve reliability, reduce technical and commercial losses and offer quality customer service.
