The power ministry has asked state-owned Power Grid Corporation to set up a central transmission utility with separate accounting and board structure. PGCIL is engaged in power transmission business with the responsibility of planning, implementation, operation and maintenance of Inter-State Transmission System.
Daily Current Affairs Quiz 2020
Key-Points
PGCIL is engaged in power transmission business with the responsibility of planning, implementation, operation and maintenance of Inter-State Transmission System.
There have been allegations that PGCIL is at advantage as developer of power transmission projects because it is a central transmission unit (CTU).
Therefore it has been decided that PGCIL shall immediately set up a CTU, a 100 per cent owned subsidiary of PGCIL with separate accounting and board structure, which would be responsible for carrying out statutory functions, as identified for CTU under the Electricity Act 2003, and also other functions assigned to CTU by Central Electricity Regulatory Commission.
The subsidiary would be separated from the PGCIL into a new CTU Ltd, a wholly-owed Government of India company, within six months or till the completion of formalities.
