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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 ...
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.
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 ...
TGSPDCL was incorporated under the Companies Act, 1956 as a public limited company on June 2, 2014 [6] with headquarters at Hyderabad to carryout electricity distribution business as part of the unbundling of erstwhile A.P.S.E.B.
The Central Electricity Authority of India (CEA) advises the government on policy matters and formulates plans for the development of electricity systems. It is a statutory organisation constituted under section 3(1) of Electricity Supply Act 1948, which has been superseded by section 70(1) of the Electricity Act, 2003.
From 1996 to 1999, the FERC made a series of decisions which resulted in the restructuring of the U.S. electric utility industry. The FERC's intention in doing so was to open the wholesale power market to new players, with the hope that spurring competition would save consumers $4 to $5 billion per year and encourage technical innovation in the industry.
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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.