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Mahesh

15/11/22 13:54 PM IST

Power System Operation Corporation renamed to Grid Controller of India

In News 
  • India's national grid operator 'Power System Operation Corporation Ltd (POSOCO)' recently announced that it has changed its name to 'Grid Controller of India Ltd'.
About Grid Controller 
  • The Grid Controller of India Limited (Grid-India) is a wholly owned central government enterprise that comes under the aegis of the Ministry of Power.
  • Previously, it was a fully owned subsidiary of the Power Grid Corporation of India Limited (Powergrid) – the central public sector undertaking (PSU) owned by the Union Power Ministry.
  • It was set up in March 2009 to take care of the power management functions of the PGCIL.
  • It was later made a separate company, with PGCIL being involved only in setting up transition link.
  • Grid-India, as a separate company, was given the load despatch functions. It oversees the operations of the national load despatch centre (NLDC) and 5 regional load despatch centres (RLDCs). The NLDC is the apex body that ensures the integrated operation of national power system.
  • Grid-India currently works as the nodal agency for major reforms in the power sector like the implementation and operation of Green Energy Open Access Portal, Renewable Energy Certificate (REC) Mechanism, transmission pricing, short-term open access in transmission, deviation settlement mechanism, Power System Development Fund (PSDF) and others.
Source- Business Standard 

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