CURRENT AFFAIRS

Detailed explanation-1: -Nepal Electricity Authority (NEA) and the Government of India’s Power Grid Corporation of India Limited (PowerGrid) will constitute the company for upgrading the new transmission lines.

Detailed explanation-2: -Company Description: “Power to the people” is more than just a slogan for India’s largest electric power transmission utility (Power Grid Corporation of India), which handles about 50% of India’s total power transmission.

Detailed explanation-3: -Shri K. Sreekant is Chairman & Managing Director of our Company. He is CMA and PGDM (Finance) from Management Development Institute, Gurgaon.

Detailed explanation-4: -The company was declared as a Navratna public sector undertaking by the Government of India. The company entered into a joint venture arrangement with The Tata Power Company Limited implementing a part of the entire transmission system associated with Tala Hydro-Electric Project.

Detailed explanation-5: -Company History-Power Grid Corporation of India Ltd. The Company was incorporated on October 23, 1989 under the Companies Act 1956 as ‘National Power Transmission Corporation Limited’, with the responsibility of planning, executing, owning, operating and maintaining the high voltage transmission systems country.