The Gujarat Energy Transmission Corporation Limited (GETCO) is an electrical power transmission company in the state of Gujarat, India. It was set up in May 1999 and is registered under the Companies Act of 1956. The company was promoted by the erstwhile Gujarat Electricity Board (GEB) as its wholly owned-subsidiary in the context of liberalisation and as a part of efforts towards restructuring of the power sector. The company is now a subsidiary of Gujarat Urja Vikas Nigam, the successor company to the GEB.
As a part of Power Reform Process, the Electricity Act, 2003, was passed by the Central Government and Gujarat Electricity Industry (Re-organization & Regulation) Act, 2003, was passed by the Government of Gujarat to restructure the Electricity Industry with an aim to improve efficiency in management and delivery of services to consumers.
Under the provisions of the said Acts Govt. of Gujarat framed the Gujarat Electricity Industry Re-organization & Comprehensive Transfer Scheme, 2003, (the Transfer Scheme) vide Government Notification dated 24-10-2003 for transfer of assets/liabilities etc. of erstwhile GEB to the successor entities.
Accordingly erstwhile Gujarat Electricity Board (GEB) was reorganised effective from 1st April, 2005 in to Seven Companies with functional responsibilities of Trading, Generation, Transmission and Distribution etc., with GETCO being designated for transmission.
GETCO Quality Policy
´We as transmission utility in Gujarat are committed to system availability, minimise transmission losses and continual improvement in our transmission services through grid discipline and safe operation, thereby exceeding customer, stakeholders expectations, protect environment, achieve global recognition and build robust, reliable and optimum transmission system by adopting latest prevailing technology and project management practices.´
Development
As a part of power reform process, the Electricity Act, 2003, was passed by the Centre; in addition to which the Gujarat Electricity Industry (Re-organization & Regulation) Act, 2003, was passed by the Government of Gujarat to restructure the electricity industry with an aim to improve efficiency in management and delivery of services to consumers.
Under the provisions of the said Acts Govt. of Gujarat framed the Gujarat Electricity Industry Re-organisation & Comprehensive Transfer Scheme, 2003, (the Transfer Scheme) vide Government Notification dated 24-10-2003 for transfer of assets/liabilities etc. of erstwhile GEB to the successor entities.
Accordingly erstwhile Gujarat Electricity Board (GEB) was reorganised effective from April 01, 2005 into seven companies with functional responsibilities of trading, generation, transmission and distribution etc.
As per this arrangement, GETCO has been assigned and is engaged in the business of transmission of electricity.