Tata Power | WESCO: Tata Power takes over control of Odisha’s western, southern discoms
The two utilities will function beneath the corporate title as TP Western Odisha Distribution Ltd and TP Southern Odisha Distribution Ltd. As per order issued by the Odisha Electricity Regulatory Commission (OERC), Tata Power will maintain 51% of fairness with administration control and the state-owned GRIDCO may have the remaining 49% fairness stake within the firms, an official assertion mentioned.
TP Western Odisha Distribution shall now be liable for the distribution and retail provide of electrical energy in 5 circles of WESCO overlaying 2 million customers with annual enter power of 7520 MUs in areas of Rourkela, Burla, Bhawanipatna, Bolangir, Bargargh, whereas TP Southern Odisha Distribution will likely be liable for the distribution overlaying 2.3 million customers with common power enter of 3470 MUs and retail provide of electrical energy in six circles of SOUTHCO in areas of Ganjam City, Berhampur, Aksa, Bhanjannagar, Jeypore and Rayagada.
With this takeover, Tata Power’s distribution circles will develop to the western and southern half of Odisha with geographical unfold of greater than 47,000 sq km every. It will handle a community of greater than 100,000 ckt kms every for a license interval of 25 years.
With the inclusion of two further distribution utilities, Tata Power expands its client base to 9.5 million from the current base of 5.2 million throughout Mumbai, New Delhi, Central half of Odisha and Ajmer, the assertion mentioned.
“It is a proud moment for us as we have ushered in the new year by commencing operations in WESCO and SOUTHCO in the state of Odisha,” Tata Power CEO and MD Praveer Sinha mentioned.
