Tata Power on Monday said it has emerged as the successful bidder to own the license for distribution and retail supply of electricity in Odisha’s five circles together constituting Central Electricity Supply Utility of Odisha (CESU).
In a regulatory filing, the company said the Odisha Electricity Regulatory Commission (OERC) has awarded the Letter of Intent (LOI) to Tata Power Company Ltd for the acquisition of CESU Power Distribution in Odisha.
The five electrical circles constituting CESU are the areas of Bhubaneswar (Electrical Circle – I and II), Cuttack, Paradip, and Dhenkanal.
The license is being offered for 25 years initially.
