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Ref. No. Finance 28448
Dated : 25/9/06
Office Order
In exercise of power under Section 22 of the
Electricity Act 2003, the OERC has formulated
a scheme for operation and management of CESCO's
utility on 8.9.06. As per the scheme, the name
of CESCO's Utility has been changed to Central
Electricity Supply Utility of Orissa (in short
CESU). The OERC vide its notification dated
16.9.06 has vested all the assets, rights, liabilities
and the power of administration and general
superintendence including control of finance
and manpower of CESCO's utility with CESU.
In view of the above, the Management Board of
CESU in their 1st meeting held on 20.9.06 have
decided to change the name of CESCO's utility
to CESU. All the sign boards, letter pad, files
etc., be changed with the new name CESU in place
of CESCO's Utility. The Bank Account of CESCO's
utility also be changed to the name of Central
Electricity Supply Utility of Orissa (CESU)
with immediate effect.
By Order of the Board
CEO (O)
Date - 25/9/2006
About CESCO
The Central Electricity Supply Company Of Orissa
Limited (CESCO) was incorporated on 19-11-1997
under the companies Act,1956 as a Public Limited
Company. Though the Company received the certificate
for commencement of business on 30-12-1997,
it started functioning separately with effect
from 26-11-1998, under the license of GRIDCO,
after notification by the Govt. of Orissa in
the official gazette. CESCO received the Distribution
and retail supply license from Orissa Electricity
Regulatory Commission(OERC) to distribute and
make retail supply of electricity in the Central
Zone consisting of undivided Cuttack, Puri and
Dhenkanal district with effect from 01-04-1999
and started functioning under own license from
01-04-1999. The Company continued to be a wholly
owned subsidiary of Grid Corporation of Orissa
Ltd. (GRIDCO) till 31-08-1999. As a measure
of Power Sector reform in Orissa, 51% of the
shares of the Company was disinvested on 01-09-1999
and accordingly the Company ceased to become
a Goverment company with effect from 01-09-1999.
The authorised and paid up capital of the company
is Rs.72.72 crores.
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