India's national grid operator 'Power System Operation Corporation Ltd (POSOCO)' has been renamed 'Grid Controller of India Ltd'. The national grid operator in a statement said that the name has been changed to reflect the critical role of grid operators in ensuring integrity, reliability, economy, resilience and sustainable operation of the Indian electricity grid.
The change in name to 'Grid Controller of India Ltd' is a welcome step as it has a unique position at the heart of India's energy system connecting people to the energy they use, the statement said.
Chairman & Managing Director of Grid Controller of India Ltd S R Narasimhan said, “It (Grid Controller of India Ltd) explains the functions performed by the grid managers in the country at national and regional levels."
"The change in name is also to reflect who we are and the role we play in clean energy transition. We continue to be driven by our vision i.e. 'to be a global institution of excellence for reliable & resilient power systems, fostering efficient electricity markets, promoting economy and sustainability' with a renewed vigour," he added.
The Grid Controller of India Limited (Grid-India) is a wholly owned Government of India Enterprise under the Ministry of Power. It operates the national load despatch centre (NLDC) and five regional load despatch centres (RLDCs). It was earlier a wholly owned subsidiary of Power Grid Corporation of India Limited (Powergrid). It was formed in March 2009 to handle the power management functions of PGCIL.
The Grid-India works as a nodal agency for major reforms in the power sector such as the implementation and operation of the Green Energy Open Access Portal, Renewable Energy Certificate (REC) Mechanism, transmission pricing, short-term open access in transmission, deviation settlement mechanism, Power System Development Fund (PSDF), etc.