Origin
In 1980 the Rajadhyaksha Committee on Power Sector Reforms submitted its report to the Government of India suggesting extensive reforms in the Indian power sector. Based on the recommendations of the Rajadhyaksha Committee, in 1981 the Government of India took the policy decision to form a national power grid which would pave the way for the integrated operation of the central and regional transmission systems. Pursuant to this decision to form a national power grid, PowerGrid was incorporated on October 23, 1989 under the companies Act, 1956 as the National Power Transmission Corporation Limited, with the responsibility of planning, executing, owning, operating and maintaining the high voltage transmission systems in the country. The Company received a certificate for commencement of business on November 8, 1990. Subsequently, the name of the Company was changed to Power Grid Corporation of India Limited with effect from October 23, 1992.
Read more about this topic: Power Grid Corporation Of India
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