PowerGrid may lose oversight role in boost to private investors

In what could give a further fillip to private investments in electricity transmission projects, the government is set to divest state-run Power Grid Corporation of India Ltd (PGCIL), which owns and operates the bulk of inter-state and inter-regional transmissions, of its regulatory mandate.

The Union power ministry has prepared a Cabinet note to “completely separate” PGCIL from the newly created Central Transmission Utility of India (CTUIL), which is now wholly owned subsidiary of the former, a source privy to the development told FE, on condition of anonymity.