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Grid Corporation of Odisha or GRIDCO was incorporated as a Public Sector Undertaking of Government of Odisha on 20 April 1995 under the Companies Act 1956.Grid Corporation of Odisha (GRIDCO) got the Certificate of Commencement of Business on 6 July 1995 and started functioning as a subsidiary of Odisha Electricity Regulatory Commission, a Government of Odisha Power Utility.
It owns and operates four units of power plant- 2 units of 210 MW each and 2 units of 660 MW, each totaling a generation capacity of 1740 MW of power at Ib Thermal Power Station (ITPS), Banharpali in Jharsuguda District of Odisha. The generation from these units is committed to GRIDCO based on a long-term Power Purchase Agreement.
The Odisha Electricity Regulatory Commission (OERC) that awarded the Letter of Intent (LOI) to TPCL on 12 December 2019. Tata Power holds 51 per cent equity with management control and the State-owned Gridco will have the remaining 49 per cent equity stake in the company.
TP Northern Odisha Distribution Limited or TPNODL was incorporated as a Private Company under PPP (Public Private Partnership) model with the collaboration of [1] Tata Power and Government of Odisha on 1st April 2021 to carry out the distribution and retail supply business of electricity in the entire North Eastern Odisha, 5 Districts of Odisha; Balasore, Mayurbhanj, Keonjhar, Jajpur, and Bhadrak.
Source: Associated Press. By Christopher Awai, Bill Dorn, Raphael Eidus, Sam Ellner, Jesse Kipp, Kevin Mangubat, Matt Midboe, Andy Read, Sara Rubin, Han Su and Qing Wu
Bill Gates, philanthropist and Microsoft co-founder, pictured with ex-wife Melinda as they listen to a speech by French President Francois Hollande at the Elysee Palace in Paris, France, on April ...
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It procures power from Grid Corporation of Odisha (GRIDCO) at 33KV at various supply points and maintains extensive 33KV, 11KV and LT overhead networks for distribution of electric supply over its entire area of operation. For making reliable power supply, along with prompt service to its consumers, this power distribution company in Odisha has ...