Tata Power, India’s largest integrated power utility, has taken over the management and operations of North Eastern Electricity Supply Company of Odisha (NESCO).
NESCO will now operate under the company name as TP Northern Odisha Distribution Ltd. (TPNODL). Tata Power holds 51 percent of equity with management control and the State-owned GRIDCO will have 49 percent equity stake in the company.
TPNODL will now be responsible for the distribution and retail supply of electricity in five circles of NESCO, covering gnarly 2 million consumers with annual input energy of 5450 MUs, covering an area of 27,500 square kilometers (10,600 square miles) in the Balasore, Bhadrak, Baripada, Jajpur and Keonjhar areas.
“We are committed to provide reliable, affordable and quality power supply along with superior customer service,” said Praveer Sinha, CEO and MD of Tata Power. “We are thankful to the Odisha Government and Odisha Electricity Regulatory Commission for givin