Bhubaneswar, Jan. 17 -- The Odisha government has initiated the process for the proposed disinvestment of 49 per cent stake in Odisha Power Generation Corporation (OPGC), a profit-making Public Sector Undertaking (PSU).

The move came just two years after the State government bought back its 49 per cent share in OPGC from an US-based company, AES Corporation Ltd.

The OPGC, which was incorporated on November 14, 1984, operates thermal power plants of 1740 MW capacity at Banharpali, Jharsuguda, Odisha.

"Expression of Interests (EOIs) are hereby invited from Interested Bidders (IBs) for purchase of 49% shareholding of Government of Odisha in Odisha Power Generation Corporation (OPGC)," read the notification issued by the energy department....