 Hyderabad: As part of its diversification plans, state-run power transmission utility Power Grid Corp. of India Ltd (PGCIL) plans to enter the power generation sector overseas.
"In India, we can't get into power generation. We should get into other geographies for the company's growth. We plan to enter power generation in other countries and are putting our people on work on this," said a top PGCIL executive.
Under the existing law, PGCIL is the only central transmission utility that can undertake transmission of electricity in India, but it can't enter the power generation business.
The Electricity Act, 2003, states: "The central government may notify any government company as the central transmission utility, provided that the central transmission utility shall not engage in the business of generation of electricity or trading in electricity."
|
