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WESCO AND SOUTHCO
CCI clears Tata Power's acquisition of stakes in 3 Odisha power utilitiesThe deal comes after separate competitive bidding processes initiated by the Odisha Electricity Regulatory Commission.- Tata Power gets LoI from OERC to operate power distribution system in north-eastern OdishaTata Power said as per conditions of bid documentation it will hold 51 per cent equity with management control and the state-owned GRIDCO w...
- Tata Power takes over control of Odisha's western, southern discomsWith the inclusion of two additional distribution utilities, Tata Power expands its consumer base to 9.5 million from the present base of 5...
- Stocks in the news: RIL, Pfizer, Axis Bank, IndusInd Bank and Tata ChemicalsBofA Securities Europe SA bought 20,70,000 shares of IndusInd Bank from UBS Principal Capital Asia at Rs 891.40 per share.
- Tata Power gets letter of intent for 2 Odisha discomsAs per conditions of bid documentation, Tata Power will hold 51 per cent equity with management control and the state-owned GRIDCO will hav...
- Coronavirus lockdown: Power tariff remains unchanged in OdishaThe commission issued this order by rejecting the request of power distribution companies like CESU, Southco, Nesco and Wesco to hike power...
- Tata Power, India Power Corp bid for Odisha discomTata Power declined to comment on the issue, while there was no response to a query sent by ET to India Power Corp till press-time.
- Appellate Tribunal for Electricity upholds cancellation of licences of 3 Odisha discomsPrivate firms involved in electricity distribution have faced many difficulties including resistance from state governments in matters of r...
- OERC revokes licences of three Reliance Group discomsThe company was seeking frequent upward revision of tariff without caring for reduction of aggregate technical and commercial (AT&C) losses.
- Reliance Power owned Discoms come under RTI scannerOrissa Information Commission passed an order bringing Reliance Power-owned power distribution companies - SOUTHCO, WESCO & NESCO under the...
- Centre likely to include Orissa under R-APDRP schemeThe union government is likely to include Orissa for release of grant from R-APDRP after sustained persuasion by the state government.
- Orissa launches Rs 2400 crore CAPEX plan for electricity distribution sectorOrissa on Monday launched Rs 2400 crore CAPEX programme to strengthen the electricity distribution sector, apparently the weakest link in p...
- Orissa loses Rs 2000 cr per annum on ATC lossesOrissa ironically loses about Rs 2000 every year on account of Aggregate Transmission and Commercial loss in power sector. Shockingly, powe...
- OERC asks Distcoms to bring down AT&C loss to 22%Orissa Electricity Regulatory Commission has asked four power distribution companies (Discoms) to invest Rs 2550 crore for long awaited imp...
- Fund moblisation to strengthen power distribution network in OrissaOrissa has emerged as the biggest beneficiary of the reform process, raking in direct and indirect benefits to the tune of Rs 7227 crore.
- Orissa govt seeks package for improvement of power distributionTo revitalize the fledgling power sector, Orissa government has sought a special package of around Rs 925 crore from the 13th Finance Commi...
- REL win 10 appeals in power tribunalIn a bonanza for Reliance Energy Ltd, the Appellate Tribunal for Electricity has ruled in its favour in as many as ten appeals filed by the...
- Regulators rap discomsPrivate players in the power distribution industry may need to now on pull up their socks on management of systems as regulators get set to...
- Stay on notice to reliance energy arms in OrissaPrivatisation of power distribution in Orissa takes centrestage yet again.
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