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Tata Power gets LoI for distribution and retail supply of electricity in North-Eastern part of Odisha
February 01, 2021
× Tata Power on Monday announced that it has received the Letter of Intent (LoI) from the Odisha Electricity Regulatory Commission (OERC) for the distribution and retail supply of electricity in Odisha’s five circles of North Eastern Electricity Supply Company of Odisha Limited (NESCO) Utility.
The areas include Balasore, Bhadrak, Baripada, Jajpur and Keonjhar.
According to the conditions as per Bid Documentation Tata Power will hold 51 per cent equity with management control and the State-owned GRIDCO will have the remaining 49 per cent equity stake in the company, Tata Power said in an official press release.
Read more about Tata Power bags LoI from OERC on Business Standard. Tata Power has received a letter of intent (LoI) from the Odisha Electricity Regulatory Commission (OERC) for the distribution and retail supply of electricity in Odisha s five circles of NESCO.
Tata Power receives LoI to operate the power distribution system in North Eastern part of Odisha
Posted On: 2021-01-31 21:22:05 (Time Zone: Arizona, USA)
Tata Power, India s largest integrated power utility, today, announced that it has received the Letter of Intent (LOI) from the Odisha Electricity Regulatory Commission (OERC) for the distribution and retail supply of electricity in Odisha s five circles of NESCO constituting the areas of Balasore, Bhadrak, Baripada, Jajpur and Keonjhar. As per conditions of Bid Documentation Tata Power will hold 51 percent equity with management control and the State-owned GRIDCO will have the remaining 49 percent equity stake in the company.
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