Tata Power, India’s largest integrated power company today announced that, subsequent to winning the bid for Distribution Franchisee of Jamshedpur Circle, it has formed a Special Purpose Company (SPC) “TP Power Distribution Limited”, and executed the Distribution Franchisee Agreement (DFA) with Jharkhand State Electricity Board (JSEB) for the Distribution Franchise of Jamshedpur circle.
Mr. S. Padmanabhan, Executive Director Tata Power said, “At Tata Power, we are committed to providing our customers reliable and quality power teamed with superior customer service. We are looking forward to adopting the same philosophy to serve all customers in Jamshedpur. We believe that our employees are key partners in our change management process and all new additions to our family would enjoy working with Tata Power and its ethos. It is our endeavour to be the most preferred distribution company in the country and with the successful turnaround of Delhi distribution business coupled with our successful Mumbai distribution business.”
The Distribution Franchise awarded to Tata Power will be for a period of 15 years. The SPC, TP Power Distribution Limited will be responsible for operating and maintaining the distribution network in the Jamshedpur circle, which includes Jamshedpur, Adityapur, Ghatsila and Baharagora areas.TP Power Distribution Limited will also be managing the billing and collections. Team Tata Power looks forward to working closely with all employees of JSEB, who will facilitate serving customers with efficiency and superior customer care.
Tata Power has got a vast experience in Distribution in both Mumbai as well as Delhi and has been a benchmark performer in Delhi since last 10 years. The losses in Delhi have been brought down by Tata Power from a high of 53% in 2002 to app. 11% in March 2012. At Jamshedpur also, similar strategy is being worked out where Tata Power will work on all the areas for overall improvement in Distribution system, by adapting to Tata culture of transparency and customer orientation quickly.
Tata Power and JSEB will now start the joint audit of the existing T&D losses by an Independent Auditor.
