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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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