Tata Power on Friday said it received the letter of intent (LoI) from the Odisha Electricity Regulatory Commission for distribution of power to the consumers in western and southern parts of the state through the respective discoms – Wesco and Southco – for the next 25 years. The company had won the bagged CESU, another Odisha discom in December 2019. It is also the sole bidder for Nesco, which the only other discom in the state.
Tata Power will own a 51% stake in the discoms, while the remainder 49% will be held by the government of Odisha.
