REFORM ACHIEVEMENT

  Milestones of Orissa Power Sector Reform

• First Transfer between OHPC and GRIDCO effected on 1st April, 1996

• OER Act, 1995 created Orissa Electricity Regulatory Commission,
  a Regulatory Body which became functional on 1.8.1996

• Unbundling of Transmission and Distribution via Second Transfer Scheme
  effective from November 26, 1998

• 9 Tariff Orders after public hearing have been passed by OERC
  (FY98, FY99, FY00, FY01, FY02, FY03, FY04, FY05, FY06)

• BSES took over management and operational control of 3 Distribution Companies
  (WESCO, SOUTHCO and NESCO) from April 1, 1999

• Privatization of Distribution completed with AES taking over the
  fourth distribution company, CESCO from September 1, 1999

• CESCO remained under the management of an Administrator (CEO)
  appointed by OERC with effect from 27.8.2001

• A new public limited company under the name “ Orissa Power Transmission
  Corporation Limited “ was incorporated on 29.03.2004 to carry on the
  business of Transmission, STU, and SLDC functions of GRIDCO

• OPTCL became functional on 1.4.2005. GRIDCO continue to carry on
  its Bulk Supply and Trading functions