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PowerGrid is a strong company GOYAL
NEW DELHI . The government would hive off the central transmission utility (CTU) function of state-owned Power Grid Corporation Limited (PGCIL). This follows taking away of grid management from the Union government-owned transmission behemoth.
"We have already decided to do that (separate CTU from PGCIL). All the study and paperwork is going on. I agree that CTU should be a separate entity. PowerGrid acted like a support to these institutions till they become strong and centralised," Union power minister Piyush Goyal told Business Standard.
A new company called Posoco was recently made the grid manager, separating it from PowerGrid.
Goyal, however, said this move was taken to further strengthen the state
transmission giant."PowerGrid is a strong company. In times of emergency - whether it`s HudHud, crisis in Nepal or Jammu & Kashmir, they have come to the rescue. We have to strengthen the company. PowerGrid is not shy of competition. They can stand on their own and bid on their feathers. I am trying to create a level playing field across the country and am in continuous dialogue with companies in this space," said Goyal.Business Standard
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