The Central Electricity Supply Company (CESCO), involved in power distribution in coastal Orissa, has been renamed as Central Electricity Supply Utility (CESU) with its management control vested with an eight-member board nominated by the Orissa Electricity Regulatory Commission (OERC).
“Efforts for sale of the utility did not materialise, as also the attempt to hand over the management to central utility NTPC. Therefore, the commission has formulated plus approved a scheme for operation plus management of the CESU,” an official statement said here.
Cesco’s licence was revoked last year, after which management control was vested with the Chief Executive Officer (CEO) plus administrator, it said.
The eight-member team includes chairman, the CEO plus administrator (full-time members), three experts from power sector plus two state government representatives.
Former bureaucrat V Pattanayak had been nominated as the chairman to head CESU while former managing director of CESCO GP Shankar plus current CEO plus administrator D Biswal has been taken in the board.
Under the new arrangement, all assets, rights, liabilities, day-to-day management, administration plus general superintendence, including control of finance plus manpower of the utility, have been vested with the board, the statement said.