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The Power Grid Corporation of India Limited was incorporated on 23 October 1989 [5] under the Companies Act, 1956 with an authorized share capital of Rs. 5,000 Crore (subsequently enhanced to Rs. 10,000 Crore in Financial Year (FY) 2007–08) as a public limited company, wholly owned by the Government of India with 51.34% stake in the company as on 31 December 2020 and as principal electric ...
Central Government, through Ministry of Power in exercise of the power conferred by sub-section (3) of Section 26 and sub-section (2) of Section 27 of the Electricity Act, 2003 by notification dt. 27 September 2010 in the Gazette of India, notified that the Power System Operation Corporation Ltd (POSOCO), a wholly owned subsidiary of the Power Grid Corporation of India Limited (a Government ...
On 2 July 1998, recognizing the needs for reforms in the electricity sector nationwide, the Government of India moved forward to enact the Electricity Regulatory Commission Act of 1998, [1] which mandated the creation of the Central Electricity Regulation Commission with the charge of setting the tariff of centrally owned or controlled generation companies.
Previously owned by National Grid plc, when it was known as National Grid ESO, it is a public corporation which operates both the electricity and gas distribution systems from 1 October 2024. [ 1 ] [ 2 ] The buyout from National Grid was announced in September 2024, and was valued at £630m.
The Ministry of New and Renewable Energy (MNRE) is a ministry of the Government of India, headed by current Union Cabinet Minister Pralhad Joshi, that is mainly responsible for research and development, intellectual property protection, and international cooperation, promotion, and coordination in renewable energy sources such as wind power, small hydro, biogas, Battery Energy Storage and ...
Central Power Research Institute (CPRI) is a research institute originally established by the Government of India in 1960, with headquarters in Bangalore. The Institute was re-organized into an Autonomous Society in the year 1978 under the aegis of the Ministry of Power , Government of India.
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The BSEB was unbundled on 2 August 2011. [4] Power Finance Corporation was the main consultant for BSEB's restructuring. [5] [6] BSEB formally started functioning as 5 companies on 1 November 2012, namely: Bihar State Power Generation Company Limited (generation business) Bihar State Power Transmission Company Limited (transmission business) [7]