The potential sales would be the first transaction since the 2003 privatization of power distribution in Delhi.
In the first such move in nearly two decades in India’s power sector, the State government of Odisha is set to privatize four state-owned electricity distribution companies, said two people aware of the development.
While Crisil has been given the mandate for managing the sale of Western Electricity Supply Utility of Odisha Ltd (WESCO) and Southern Electricity Supply Utility of Odisha Ltd (SOUTCO); Deloitte has the mandate for North Eastern Electricity Supply Company of Odisha Ltd (NESCO). The drive is headed by Odisha Electricity Regulatory Commission (OERC).
In a related development, Tata Power Co. Ltd. has emerged as the sole contender to acquire Central Electricity Supply Utility of Odisha (CESU Odisha). PricewaterhouseCoopers is managing the sale of CESU.
