The Government of Karnataka as part of reforms in power sector has unbundled the transmission and distribution activities in the state of Karnataka. As a result, the HESCOM Limited was incorporated on 30.04.2002 under the Companies Act, 1956 (No. 1 of 1956) and the company started operation w.e.f. 01.06.2002.The Company came into existence with geographical jurisdiction of 7 Districts comprising of Dharwad, Belgaum, Gadag, Haveri,Uttar Kannada, Bagalkot & Bijapur with an objective to carry on the business of distribution and supply of electricity more efficiently and economically.The Company is operating from Hubli City and covering the areas where the agricultural consumption is comparatively on higher side.The Company has withstood the initial transitional problems and achieved its objective of improving efficiency and better consumer services. The Company today is functioning as a commercial entity in pursuance of power sector reforms undertaken by Government of Karnataka.
The mission of the HESCOM is to ensure reliable quality power to its customers at competitive prices.HESCOM is committed to achieve this mission through:
1) Encouraging best practices in distribution.
2) Ensuring high order maintenance of all its technical facilities
3) Emphasizing the best standards in customer services
The year 2002-03 was the first year of operation of the Company.