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Power System Operation Corporation Limited

Power System Operation Corporation Limited (POSOCO) POSOCO is a wholly owned Government of India Enterprise under the Ministry of Power. It was earlier a wholly owned subsidiary of Power Grid Corporation of India Limited (Powergrid). It was formed in March 2009 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, have now come up to POSOCO.

History:

 
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 dispatch centres (RLDCs) run by PGCIL—the northern, eastern, north-eastern, western and southern regions at that time.

Power System Operation Corporation Limited news

Director HR POSOCO Awarded as Pride of HR Profession in PSUs

Mumbai: Smt. Meenakshi Davar, Director (HR), Power System Operation Corporation (POSOCO), a wholly owned Government of India Enterprise under the Ministry of Power, has been Awarded with the 'Pride of HR Profession in PSU' in the Global HR Excellence Award Ceremony organised by World HRD
Posted Date :  16-02-19

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CMD POSOCO Awarded as CEO with HR Orientation

Mumbai: Shri KVS Baba, CMD, Power System Operation Corporation (POSOCO) awarded as 'CEO with HR Orientation' by World HRD Congress for enhancing the HR Technology areas and best practices, at Mumbai today on 15th February 2019.   World HRD Congress brings together over 1870 profe
Posted Date :  15-02-19

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43 Executive Trainees Inducted in POSOCO

New Delhi: Power System Operation Corporation Limited (POSOCO), commenced one-year training- AARAMBH for its IIIrd batch of Executive Trainees today on 4th February 2019. The ceremony was inaugurated by Shri K.V.S.Baba, CMD, POSOCO in presence of all Directors.   The batch consists of 43
Posted Date :  04-02-19

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POSOCO Conducted Electra-Grid Quiz

New Delhi: Power System Operation Corporation (POSOCO), a wholly owned Government of India Enterprise under the Ministry of Power, Conducted its 1st Electra Grid Quiz recently on 11th January 2019, with amidst much fanfare and excitement.    Total 55 teams from all over India Load Dispa
Posted Date :  12-01-19

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POSOCO Awarded for Best Power System Operator by CBIP

New Delhi: Power System Operation Corporation (POSOCO) has conferred by Central Board of Irrigation and Power (CBIP) for 'Best Power System Operator' Award.    This award was presented by Shri R K Singh, Union Minister of State (I/C) for Power and New & Renewable Energy
Posted Date :  04-01-19

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POSOCO Day Celebrated in POSOCO

New Delhi: 'POSOCO Day' was observed in Power System Operation Corporation Limited (POSOCO) today on 3rd January at its Corporate Centre, New Delhi. All employees of its National and Five Regional Load Despatch Centres joined the celebration through video conferencing.   POSOCO s
Posted Date :  03-01-19

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POSOCO Mahila Samiti AGRINI Distributed Blankets to Needy

New Delhi: Power System Operation Corporation's (POSOCO), Mahila Samiti 'AGRINI' Distributed Blankets to Needy workers.  Mrs. Sobha K. Baba, President, Mahila Samiti distributed Blankets and Water Jugs for needy workers engaged in Security, Housekeeping and other works in
Posted Date :  27-12-18

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POSOCO Awarded with Best Employer Brand Award

New Delhi: Power System Operation Corporation Limited (POSOCO) has been awarded with North India Best Employer Brand Award 2018 by World HRD Congress. The award has been received by Shri P. K. Agarwal, Director (Market Operation), POSOCO in a glittering function held today on 21st December 20
Posted Date :  21-12-18

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POSOCO Organized a Vendors Meet

New Delhi: A Vendors Meet was organised recently at Power System Operation Corporation Limited (POSOCO), Corporate Centre. The event was inaugurated by Shri P. K. Agarwal, Director (Market Operation), POSOCO. Large numbers of Vendors attended the Meet in which importance of MSMEs registration and
Posted Date :  11-12-18

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Director HR of POSOCO Awarded with Excellence in HR Award

Kolkata: Ms. Meenakshi Davar, Director (HR), Power System Operation Corporation (POSOCO) was awarded with the ASSOCHAM’s 'Women in Energy Sector - Excellence in HR' in recognition for her immense contribution making in Power Sector that make society and country proud.   The abo
Posted Date :  06-12-18

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Mr. S R Narasimhan Joined POSOCO as Director System Operation

New Delhi: Shri S R Narasimhan joined the Board of Power System Operation Corporation (POSOCO) as Director (System Operation) on 29th Nov 2018. Prior to this assignment, he was Executive Director, National Load Despatch Centre (NLDC) responsible for reliable and economic operation of the All Indi
Posted Date :  30-11-18

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