PowerGrid to lose central transmission utility status
Union Power Minister Piyush Goyal as per recent reports said, “We have already decided to do that (separate CTU from PGCIL). All the paperwork is going on. Agree that CTU should be a separate entity. PowerGrid acted like a support to these institutions till they become strong and centralised.” A new company called Posoco was recently made the grid manager, separating it from PowerGrid. PowerGrid as a central transmission utility (CTU) was responsible for wheeling of power generated by producers and involved in planning transmission systems and operations. It also has the role of collection from power generators, SEB, etc, using the transmission infrastructure. Goyal said this move was taken to further strengthen the state transmission giant.