Power Grid Corporation of India Ltd History

I have applied for a quiz competition based on Power Grid Corporation of India Ltd. So I need to know all information about this Organization. Can any one tell me about history of Power Grid Corporation of India Ltd? Also give me its website where I can get some more information?

Hii sir, I Wants to get the Detail History of the Power Grid Corporation of India Ltd Will you Please Provide It ?

[sumit]

The Power Grid Corporation of India Limited is an Indian state-owned electric utilities company headquartered in Gurgaon, India. POWERGRID transmits about 50% of the total power generated in India on its transmission network. Its former subsidiary company, Power System Operation Corporation Limited (POSOCO)

History :

Power Grid Corporation of India Limited (POWERGRID) was incorporated on October 23, 1989 under the Companies Act, 1956 with an authorized share capital of Rs. 5,000 Crore (subsequently enhanced to Rs. 10,000 Crore in Financial Year (FY) 2007-08) as a public limited company, wholly owned by the Government of India.

POWERGRID started functioning on management basis with effect from August, 1991 and subsequently it took over transmission assets from NTPC, NHPC, NEEPCO, NLC, NPC, THDC, SJVNL etc. in a phased manner and it commenced commercial operation in 1992-93.

In addition to this, it also took over the operation of existing Regional Load Despatch Centers (RLDCs) from Central Electricity Authority (CEA), in a phased manner from 1994 to 1996,

which have been upgraded and modernized with State of-the-art Unified Load Despatch and Communication (ULDC) schemes.

According to its mandate, the Corporation, apart from providing transmission system for evacuation of central sector power, is also responsible for Establishment and Operation of Regional and National Power Grids to facilitate transfer of power within and across the Regions with Reliability, Security and Economy on sound commercial principles