Power System Operation Corporation Limited
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| Public Sector Enterprise | |
| Industry | System Operation, Power Market Regulation |
| Founded | March,2010 |
| Headquarters | New Delhi, India |
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Area served
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India |
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Key people
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I. S. Jha (chairman) K V S Baba (CEO) |
| Website | National Load Despatch Centre |
Power System Operation Corporation Limited (POSOCO) was a wholly owned subsidiary of Power Grid Corporation of India Limited (PGCIL) till 2 January 2017. It was formed in March 2010 to handle the power management functions of PGCIL. It is responsible to ensure the integrated operation of the Grid in a reliable,efficient and secure manner. It consists of 5 Regional Load Despatch Centres and a National Load Despatch Centre (NLDC). The subsidiary was eventually made a separate company, leaving the parent firm with only the task of setting up transmission links. The load despatch functions, earlier handled by PGCIL, will now come up to POSOCO. Now POSOCO is fully govt. Company because on 3 January 2017 it was separated from powergrid.
Central Government through Ministry of Power in exercise of the power conferred by sub-section (3) of Sect 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 Company) shall operate National Load Despatch Centre and the five Regional Load Despatch Centers, with effect from 1 October 2010.
The subsidiary was set up on the recommendations of a government committee headed by G.B. Pradhan, additional secretary in the Union ministry of power. To make load despatch centres financially self-reliant and autonomous, the committee recommended independent and sustainable revenue streams. The move to separate the two functions is in keeping with the provisions of the Electricity Act, 2003, which seeks to separate commercial interests from load management functions. The Pradhan committee had recommended setting up a separate representative board structure overseeing the functions of the five regional load despatch centres (RLDCs) run by PGCIL—the northern, eastern, north-eastern, western and southern regions at that time.
The Present Board of directors are as following:
Mr. Sushil Kumar Soonee was the first Chief Executive Officer of POSOCO and a special invitee in the Board meetings.
Pursuant to his superannuation, Mr. K.V.S. Baba was appointed as CEO in December 2016. Mr. K.V.S. Baba become the first CMD of POSOCO.
The Corporate Centre of POSOCO is at B-9, Qutab Institutional Area, Katwaria Sarai, New Delhi-110016, INDIA
POSOCO mainly comprises –
On 25 February 2009 the National Load Despatch Centre (NLDC) was inaugurated by Sh.Sushilkumar Shinde(Union Minister of Power) and Smt.Shiela Dixit(Chief Minister, Delhi). National Load Despatch Centre (NLDC) has been constituted as per Ministry of Power (MOP) notification, New Delhi dated 2 March 2005 and is the apex body to ensure integrated operation of the national power system.
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