)
The Power Ministry will soon approach the Cabinet for allowing hiving off Power System Operation Corporation Ltd from state-run Power Grid into a separate entity.
Post approval, POSOCO is proposed to act as an independent transmission regulator.
"We are looking for private sector participation in the transmission sector, therefore there is a need for a regulator which POSOCO cannot perform if it works as a subsidiary of Power Grid," Power Minister Jyotiraditya Scindia said at a conference here today.
The objective of POSOCO is to ensure integrated operation of regional and national power systems to facilitate transfer of electric power within and across the regions and trans-national exchange of power with reliability, security and economy.
