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In five circles of NECO utilityTata Power Company announced that vide Letter of Intent (LOI) issued by The Odisha Electricity Regulatory Commission (OERC), the Company has been selected as the successful bidder to own the licence for the distribution and retail supply of electricity in Odisha s five circles of North Eastern Electricity Supply Company of Odisha (NESCO) Utility constituting the areas of Balasore, Bhadrak, Baripada, Jajpur and Keonjhar. The proposed sale of NESCO Utility to the Company will be through the formation of a Special Purpose Vehicle (SPV) entity in which the Government of Odisha will own 49% in the equity share capital and

Eastern electricity supply company of odishaOdisha electricity regulatory commissionTata power companyNorth eastern electricity supply companySpecial purpose vehicleCapital marketTata powerMotor vehiclesEllis island honors societyEconomy of indiaTata harrierTata power delhi distributionGovernment ofகிழக்கு மின்சாரம் விநியோகி நிறுவனம் ஆஃப் ஓடிஷாஓடிஷா மின்சாரம் ஒழுங்குமுறை தரகுடாடா பவர் நிறுவனம்