Tata Power steps into JSEB's shoes

Tata Power has embarked upon investment in the energy sector in Jharkhand. Tata Power's venture in power sector in Jharkhand was a result of the efforts pf the Jharkhand government to disband the generation and distribution sectors from the state-owned power utility "� Jharkhand State Electricity Board (JSEB).

To begin with the disbanding process, JSEB has been restructured with the removal of the board chairman and other board members, and induction of the state chief secretary PP Sharma as chairman.

As part of the privatisation process of the state power utility, the state government requested Tata Power to take over the power distribution of different circles of the.

Tata Power had shown interest and was examining the feasibility of taking up existing thermal power plants of the JSEB by retrofitting the plants and by revamping the existing structure.

Industry sources said Tata Power would sign an understanding with the Jharkhand govrernment soon ro set up some power plants in the state.

Just a few weeks ago, the house of Tatas signed a memorandum of understanding (MoU) commiting investment of about Rs 53,000 crore for a 12-million tonne greenfield steel plant in the Singhbhum region of Jharkhand.