OERC Secretary says Gridco CMD will function presently,

Odisha Electicity Regulatory Commission (OERC) Secretary G K Dhal today said the CMD of state-run Gridco (Grid Corporation of Odisha) would presently function as Administraor of the three distribution companies as of now with the Appellate Tribunal for Electricity having posted the petition for staying the OERC order for hearing on March 24.
The OERC in its March 4 order revoked the licence of the three distribution companies - NESCO, WESCO and SOUTHCO - of a power major on charge of "non-performance" prompting the power major to move the New Delhi-based Tribunal for redressal.
While admitting the petition of the power major, the New Delhi-based Tribunal yesterday asked OERC and the Odisha government to file their replies by March 17 and posted the next hearing in the case for March 24.

Dhal interpreted, "The Honourable Tribunal while hearing application...(of the power major)...On March 9, 2015 for stay operation of the OERC order, has declined to interfere in the matter instantly and posted for hearing in detail both on application for stay and on substantive matter."
The Gridco CMD has already taken charge of the post of administrator and would function at present, Dhal said.
Though the private power major took management of the three distribution companies way back in 1999, it did not perform as expected, the OERC had claimed in its March 4 order.

Earlier in 2005, the OERC had suspended the licence of the same power major's three distribution companies.

The Tribunal, however, then revoked the suspension order and allowed the company to function as distribution company.
The OERC's petition against the Tribunal had also been rejected by the Supreme Court then.