The Appellate Tribunal for Electricity (Aptel) upheld the cancellation of the distribution licenses of three Odisha companies due to poor performance and financial trouble. Distribution firms Western Electricity Supply Company of Odisha Limited (Wesco), North-eastern Electricity Supply Company of Odisha Ltd (Nesco) and Southern Electricity Supply Company of Odisha Ltd (Southco) had challenged the state regulator’s order of March 2015 will now be controlled by a court-appointed administrator.


Source: Economic Times Go to