Odisha Govt To Extend Financial Guarantee Support To Gridco
Bhubaneswar: With the revenue gap of Grid Corporation of Odisha (Gridco) widening because of the low demand, the state government on Tuesday decided to extend the necessary financial guarantee support to the company.
At a meeting chaired by Chief Secretary Asit Tripathy, it was revealed that the power demand declined by 14 per cent during March-June, compared to the same period last year because of the lockdown. The captive generation and consumption also came down by 25 per cent in April, 12 per cent in May and 2 per cent in June.
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