Pursuant to the Orissa Electricity Reforms Act 1995 and Orissa Electricity Reforms (Transfer of Assets, Liabilities, Proceedings and Personnel of GRIDCO to Distribution Companies) Rules 1998, in the year 1998 all the assets of GRIDCO pertaining to the distribution business and distribution undertaking in the North Eastern, Western & Southern Zone of GRDICO was transferred to NESCO,WESCO & SOUTHCO vide Orissa Gazette Notification Published dated 26/11/1998 and NESCO,WESCO & SOUTHCO started its business operation on and from that date.
By virtue of Power Sector reform in Orissa, NESCO,WESCO & SOUTHCO became a subsidiary of BSES Limited, Mumbai on 1st April 1999 by acquisition of 51% of the shareholding of the Company by BSES Limited.
The Distribution Licensee in Orissa namely NESCO, WESCO and SOUTHCO are carrying out the business of distribution and Retail Supply of Electricity in their licensed areas comprising the following districts as detailed below.
Circle
Electrical Divisions