SOUThCO
The way this privatization process was handled is really commendable: Tata Power
- May 24, 2021
Tata Power took over power distribution in Odisha by acquiring erstwhile state government-owned discoms—CESU, NESCO, WESCO and SOUTHCO. Tata Power will now have majority equity stake and management control in these Read more
CCI approves Tata Power’s 51 per cent stake acquisition in NESCO
- Mar 20, 2021
The Competition Commission of India (CCI) has approved the acquisition of 51 per cent stake in Odisha power utility NESCO from Grid Corporation of Odisha (GRIDCO). In a press statement, the commission said, “CCI approves acquisition of 51 per Read more
Tata Power plans Rs.2,830 crore capex in WESCO and SOUTHCO
- Feb 6, 2021
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. According to information released by Odisha Electricity Regulatory Commission (OERC), Tata Power will invest Rs.1663 crore Read more
Tata Power takes over NESCO, makes clean sweep of Odisha discoms
- Feb 1, 2021
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, Read more
Tata Power takes over operations of Odisha discoms WESCO and SOUTHCO
- Jan 8, 2021
Tata Power, on January 7, 2021, announced that it has taken over the management and operations of WESCO and SOUTHCO, on January 1, 2021, upon completion of sale process. WESCO and SOUTHCO will operate under the company name as Read more
Tata Power secures Letter of Intent for two Odisha discoms
- Dec 4, 2020
Tata Power has received the letter of intent (LOI) from the Odisha Electricity Regulatory Commission (OERC) for the distribution and retail supply of electricity in the distribution circles of utilities WESCO and SOUTHCO. WESCO has five circles: Rourkela, Burla, Read more