Tata Power has planned capital expenditure of Rs.2,830 crore in two recently-acquired Odisha distribution companies, WESCO and SOUTHCO, over the next five years.
Tata Power has received the letter of intent from Odisha Electricity Regulatory Commission (OERC) for taking over distribution and retail supply of electricity in Odisha’s five circles of North Eastern Supply Company of Odisha Ltd. (NESCO). With this, the integrated power utility has effectively taken over power distribution activities of the entire eastern state.