Tata Power Co. Ltd on Thursday emerged as the winner in bids for two electricity distribution companies (discoms) in Odisha.Tata Power’s winning bid in the Odisha government’s discoms privatization round comes after the company won a 25 year licence for distribution and retail supply of power in five circles of Central Electricity Supply Utility of Odisha (CESU Odisha) last December. Western Electricity Supply Utility of Odisha Ltd (WESCO) and the Southern Electricity Supply Utility of Odisha Ltd (SOUTCO) are now in Tata’s kitty.
A consortium of India Power Corp. and French government owned Power Utility Electricite de France (EDF) were the only other bidders for WESCO and SOUTCO respectively. However, their bids weren’t technically qualified, resulting in only Tata Power’s bids being opened on Thursday.
Courtesyg: Google (photo)
