IANS | 21 Mar, 2024
Grid Controller of India Limited (GRID-INDIA) has achieved a
significant milestone as it has been conferred the status of a Miniratna
Category-I Central Public Sector Enterprise (CPSE), the Ministry of
Power said on Wednesday.
GRID-INDIA shoulders the immense responsibility of managing the
all India synchronous grid, comprising five Regional Load Despatch
Centres and the National Load Despatch Centre, which is one of the
world's largest and most intricate power systems.
“The recognition
of the company as a Minratna underscores GRID-INDIA's pivotal role in
the nation's power landscape,” the official statement said.
Established
in 2009, GRID-INDIA holds the crucial mandate of overseeing the
seamless and uninterrupted operation of the Indian Power System,
ensuring the efficient transfer of electric power within and across
regions, facilitating trans-national power exchanges with a focus on
reliability, economy, and sustainability.
It facilitates competitive and efficient wholesale electricity markets and the administration of settlement systems.
Over
the years, GRID-INDIA's functions have dynamically evolved in response
to the integration of power systems, escalating energy demands, the
proliferation of Renewable Energy (RE) sources, economic growth, and
technological advancements, coupled with evolving regulations and market
dynamics.
