POWER

Powering reforms: CESU-like revival for 25 ailing discoms will invite Rs 50,000 crore of investment

Almost two decades ago, we had the first PPP in the power distribution sector in Delhi. On June 1, a similar PPP model was adopted in Odisha. Tata Power took over the management of Central Electricity State Utility of Odisha, to supply power in Central Odisha region with 51% stake in the newly formed entity—Tata Power Central Odisha Distribution Limited.

TPCODL will serve a populace of 1.36 crore with a customer base of 26 Lakh. Unlike Delhi, the Odisha counterpart is more representative of other national discoms—80% rural consumer mix and a vast geographical spread of 30,000 sq km, almost 60-times larger than our Delhi.

The utility had more than two decades of technological gap. Unfortunately, it lagged technological prowess despite the availability of funds. Here, a parallel can be drawn with the pre-privatisation era of the Delhi Vidyut Board (DVB).

Source
financial express
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