CTU hived off from Powergrid

The central government has decided to hive off the central transmission utility (CTU) function of Power Grid Corporation of India Limited (Powergrid).

The Power Ministry has directed Powergrid to make the CTU a 100 per cent subsidiary with separate accounting, board structure and carry out its statutory functions. Further, the creation of a revenue stream of the new CTU will be formalised by the Central Electricity Regulatory Commission (CERC). Till then, Powergrid will manage the revenue of CTU.

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