What is restructuring ?
Restructuring is when an organization closely examines its structure and reorganizes it based upon the actual product the organization intends to produce and the work processes involved in that production. Reengineering is when the organization evaluates the work processes involved in production and changes them so that both lines of authority and responsibility follow the work processes. The result is a production process based on the product the process is supposed to produce, rather than on random, arbitrary, or archaic bureaucratic traditions.
In order to bring in accountability and also advantages of core competence, there has been structural as well as functional unbundling. Hydel generating stations of the state are now operating under a corporate entity called Orissa Hydro power Corporation Ltd. (OHPC). Earlier, Ib Valley Thermal Station had been transferred to another corporatised entity known as Orissa Power Generation Corporation Ltd. TTPS was sold to NTPC to remain dedicated to the state. Transmission and Bulk Supply functions are managed by GRIDCO whereas Distribution and Supply activities have been entrusted to four independent companies called CESCO, WESCO, NESCO and SOUTHCO. Government of Orissa has entrusted regulation of power sector to Orissa Electricity Regulatory Commission while retaining the power to issue policy directives only.
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