Odisha govt to privatise state-owned power distribution companies

The Odisha government’s approval is now awaited to take it ahead

Government of Odisha, Electricity distribution companies, CRISIL, Western Electricity Supply Utility of Odisha, WESCO, Southern Electricity Supply Utility of Odisha, SOUTCO, Deloitte, North Eastern Electricity Supply Company of Odisha, NESCO, Odisha Electricity Regulatory Commission, OERC, Rourkela, Balasore, Mayurbhanj, Keonjhar, Jajpur, Delhi, Tata Power, Central Electricity Supply Utility of Odisha, PricewaterhouseCoopers

The government of Odisha is set to privatise four state-owned electricity distribution companies.

Crisil has been given the mandate for managing the sale of Western Electricity Supply Utility of Odisha (WESCO) and Southern Electricity Supply Utility of Odisha (SOUTCO). Deloitte on the other hand has the mandate for North Eastern Electricity Supply Company of Odisha (NESCO). The drive is headed by the Odisha Electricity Regulatory Commission (OERC).

Odisha has an average power demand of 4,000 MW. While WESCO supplies electricity to consumers in the distribution circles of Rourkela, Burla, Balgarh, Bolangir and Bhawanipatna, SOUTCO supplies consumers in the distribution circles of Behrampur, Aska, Bhanjanagar, Jeypore and Rayagada.

NESCO supplies electricity to the districts of Balasore, Mayurbhanj, Keonjhar, Jajpur, and Bhadrak. The potential sales will be the first transaction since the 2003 privatisation of power distribution in Delhi.

Tata Power Company has emerged as the sole contender to acquire Central Electricity Supply Utility of Odisha (CESU Odisha). PricewaterhouseCoopers is managing the sale of CESU. Tata Power was the only technically qualified bidder for CESU Odisha. The financial bids have opened.

The Odisha government’s approval is now awaited to take it ahead. Feedback Energy Distribution Company (FEDCO) and India Power Corporation had also placed a joint bid for CESU Odisha.

Most Popular

Awards

Olympia Group announces to build up 1.1mn sq-ft greenfield it park in Guindy
The project will have a total investment of about Rs 750 crore

Conferences

Vital pre-monsoon building works resume in Maharashtra
The state government has permitted pre-monsoon work by BMC and other agencies

Latest Issue

Sept 2020
01 Sep 2020