Power Grid Corporation of India Limited was incorporated in New Delhi on October 23, 1989 under the Companies Act, 1956 as a public limited company under the name ‘National Power Transmission Corporation Limited’. It received a certificate for commencement of business on November 8, 1990. The name of the Company was changed to its present name ‘Power Grid Corporation of India Limited’ and a fresh certificate of incorporation was issued on October 23, 1992.The name of the Company was changed to its present name from ‘National Power Transmission Corporation Limited’ as its then abbreviated form, ‘NPTC Limited’, had close resemblance to another existing company, namely, NTPC Limited.
The company has been carrying out its responsibilities efficiently in the construction, operation and maintenance of inter-state transmission systems and operation of regional power grids. It has been notified as the Central Transmission Utility (CTU) of the country.
The objective of Power Grid Corporation of India is to create a strong and vibrant national grid in the country to ensure the optimum utilization of generating resources, conservation of an eco-sensitive right of way and the flexibility to accommodate the uncertainty of generation plans.
Power Grid has achieved many milestones and established benchmarks in various areas of its business operations and now plays a strategic role in the Indian power sector in establishing and maintaining the transmission infrastructure.
Its Joint ventures:-
Business are of the Company:-
Power Grid Corporation of India is India’s principal electric power transmission company. It owns and operates more than 95% of India’s interstate and inter-regional electric power transmission system (“ISTS”). In that capacity, as at September 30, 2010, the company owned and operated 79,556 circuit kilometers of electrical transmission lines and 132 electrical substations. In Fiscal 2010, it transmitted approximately 363.72 billion units of electricity, representing approximately 47% of all the power generated in India. In the six months ended September 30, 2010, it transmitted approximately 202.59 billion units of electricity, representing approximately 51% of all the power generated in India. The company is ranked as the world’s third largest transmission utility by the World Bank in January 2009.
The company has been entrusted by the GoI with the statutory role of Central Transmission Utility (“CTU”).As CTU; it operates and is responsible for the planning and development of the country’s nationwide power transmission network, including interstate networks. The company is also required to facilitate non-discriminatory open access to available capacity in the ISTS.
The company has been designated a Mini-Ratna Category-I public sector undertaking in October 1998 and was conferred the status of “Navratna” by the GoI in May 2008, which provides them with greater autonomy to undertake new projects without GoI approval and also allowed them to make investments in subsidiaries and joint ventures, subject to an investment ceiling set by the GoI. The company received the highest annual performance rating of “Excellent” from the GoI in each year since Fiscal 1994.It commenced its operation in Fiscal 1992 as part of an initiative of the GoI to consolidate all the interstate and inter-regional electric power transmission assets of the country in a single entity. Accordingly, the transmission assets, including transmission lines and substations, of all central sector electricity generation utilities that operated on an interstate or inter-regional basis were transferred to the company from Fiscal 1992 to Fiscal 1994.
Since 1994 the GoI has progressively entrusted the company with the operation of the Regional Load Despatch Centres (“RLDCs”) in each of the five regions into which India is divided for purposes of power transmission and operation. As the RLDC operator, the company modernized the regional and state load despatch centers and their communication networks. In Fiscal 2009, the National Load Despatch Centre (“NLDC”) was established. The NLDC is responsible for monitoring the operations and grid security of the national grid and supervises the scheduling and despatch of electricity over inter-regional lines in coordination with the RLDCs. All bilateral transactions are undertaken through the RLDCs, while transactions facilitated by the power exchanges are undertaken by NLDC.
Leveraging on the strength as India’s principal power transmission company, the company has diversified into the consultancy business. Since Fiscal 1995, its consultancy division has provided transmission related consultancy services to over 115 clients in over 330 domestic and international projects. As at September 30, 2010, the company is engaged in providing consultancy services to its clients in 75 domestic and international projects. In its consultancy role, the company has facilitated the implementation of GoI funded projects for the distribution of electricity to end-users through the RGGVY in rural areas and, until March 2009, the Accelerated Power Development and Reform Programme (“APDRP”) in urban and semi-urban areas.
The company also diversified into the telecommunications business since 2001, utilizing its nationwide transmission system to create an overhead fibre-optic telecommunication cable network using optical ground wire on power transmission lines. As at September 30, 2010, the network consisted of 20,733 kilometers and connected 129 Indian cities, including all major metropolitan areas. The company has been leasing bandwidth on this network to more than 70 customers, including Bharti Airtel, Bharat Sanchar Nigam, National Informatics Centre, Dishnet Wireless, and Tata Communications. It has received the following licenses to provide telecommunication infrastructure services: Infrastructure Provider Category - I to construct infrastructure assets such as dark fibre, right of way, duct space and towers, Internet Service Provider Category A licence to provide internet services and a National Long Distance license to provide end to end bandwidth services.
Major events:-1989 - The Company was incorporated as ‘National Power Transmission Corporation Limited’.
1991 Transmission assets from Nuclear Power Corporation were transferred to the Company pursuant to a memorandum of understanding executed between the parties.
1992-Transmission assets from NTPC, NHPC and North-Eastern Electric Power Corporation Limited were transferred to the Company pursuant to legislation promulgated by the Parliament.
The name of the Company was changed from ‘National Power Transmission Corporation Limited’ to ‘Power Grid Corporation of India Limited’.
1993- Transmission assets of Tehri Hydro Development Corporation Limited were transferred to the Company pursuant to a memorandum of understanding executed between the parties.
1994-The Company took over the management of the Southern Regional Load Despatch Centre.
1995- The Company took over the management of the Eastern Regional Load Despatch Centre and the North Eastern Load Despatch Centre.
1996 -The Company took over the management of the remaining two regional load despatch centres, namely, the Northern Regional Load Despatch Centre and the Western Load Despatch Centre.
1998 The Company formulated an Environment and Social Policy and Procedures Code to deal with environmental and social issues relating to its transmission projects.The Company was formally notified as a CTU by the GoI.
2001- The Company was granted Infrastructure Provider II license (IP II) from the Department of Telecommunications, GoI to pursue leasing of bandwidth capacity to various customers on its telecommunications network.
2002- The unified load despatch and communications schemes for the northern and southern regions were commissioned.
2003- The Company entered into a joint venture arrangement with The Tata Power Company Limited implementing a part of the entire transmission system associated with Tala Hydro-Electric Project which was the first public-private sector initiative in the transmission sector.
2005- The unified load despatch and communications scheme for the eastern region was commissioned.
2006- The unified load despatch and communications scheme for the western region was commissioned.
2007- Dedication of transmission system associated with Tala Hydro-Electric Project which was the first public-private sector initiative in the transmission sector by the Prime Minister Dr Manmohan Singh.
2008- The Company was declared as a Navratna public sector undertaking by the GoI.
2009- The National Load Despatch Centre was established.
2010- The Company was selected as a consortium member to implement the National Knowledge Network Project, a telecommunication infrastructure project.Commissioning of the commercial operations of the National Load Despatch Centre.
2011- The Company entered into an MoU with Jamia Millia Islamia University for the training and certification of its System Operators in Supervisory Control And Data Acquisition (SCADA) technology.
Certifications, Awards and Recognitions:-
The company has received following certifications, awards and recognitions for achieving and maintaining high standards in various aspects of its business:-
1993-1994 to present- The Company has received the ‘Excellent’ rating under the memorandum of understanding with the MoP since 1993-1994.
1998-2001 and 2003-2008 -The Company was awarded the MoU Excellence Award.
2000-2001 The Company was awarded the Indo-German Greentech Environment Excellence Award for implementation of Environment and Social Policy and Procedures and green belt development.
2004- 2004 The Company was awarded the Golden Peacock National Quality Award (Runners Up) in relation to quality standards.
2006- The Company was awarded the Green Award 2006 by the World Bank with respect to the Powergrid System Development Project II for commitment in the field of environmental sustainability.
2007- The Company was certified for PAS 99:2006 integrating the requirement of ISO 9001:2000 for quality, ISO 14001:2004 for environment management and OHSAS 18000:1999 for health and safety management systems.
2008- The Company was recognised for its meritorious performance by the MoP for the year 2006-07 and won a Gold Shield for the 132KV transmission system in the North Eastern region and a Silver Shield for the 220KV and 400KV transmission system in the Western region.
2009- The Company was awarded First Prize at IEEMA Power Awards 2009 ceremony for ‘Excellence in Power Transmission’ by NDTV Profit.The Company was recognised for its meritorious performance by the MoP for the year 2007-08 and won a Gold Shield for the transmission system at North Eastern region, a Silver Shield for the transmission system at the Western region and a Silver Shield for the early completion of the transmission project in Southern region I.
2010- The Company received three Gold Shields for the transmission system availability ofWestern region – I, of North Eastern region and for the early completion of 220 KV D/C Pul-e-Khumri to Kabul transmission line in Afghanistan; a Silver Shield for the system availability at the Easter region – I, in the National Awards for Meritorious Performance in Power Sector 2008-09 awarded by the MoP.