Adani, Tata vie for Odisha discoms
NEW DELHI: The Adani Group, RP-Sanjiv Goenka group’s CESC Ltd and Tata Power Co. Ltd have evinced interest in the three electricity distribution companies (discoms) being privatised by the Odisha government, said two people aware of the development.
The discoms are the Western Electricity Supply Utility of Odisha Ltd (Wesco), North Eastern Electricity Supply Co. of Odisha Ltd (Nesco) and the Southern Electricity Supply Co. of Orissa Ltd (Southco).
“Among those who have evinced interest in placing bids for these discoms are CESC, Tata Power and Adani. All of them have experience in running discom businesses,” said one of the two people mentioned above requesting anonymity.
“Wesco and Nesco have high
CRISIL HAS THE MANDATE FOR MANAGING THE SALE OF WESCO AND SOUTHCO, WHILE DELOITTE WILL HANDLE NESCO
industrial load,” the person said, referring to high consumption by industrial consumers in the two discoms.
The privatisation drive of the three discoms is spearheaded by the Odisha Electricity Regulatory Commission (OERC).
Crisil has the mandate for managing the sale of Wesco and
Southco, while Deloitte will handle Nesco.
Spokespersons for CESC and Adani Group declined to comment. A Crisil spokesperson said in an emailed response, “We won’t be able to comment on this as it’s specific to a mandate.”
Queries emailed to spokespersons for Tata Power and Deloitte on Friday remained unanswered.
Odisha’s plans underscore those of other states that are gradually shifting to the idea of privatising their debt-laden discoms to raise funds.