Amendment status not verified — confirm the current text below against the official source.
(1) The Grid Corporatian of Orissa Limited ~ncorporated under the provisions . "Om or t h e of ihe Companies Act, 1956 with effect from the 20th day of April, I995 with tlte 1 o l 1956 %'dm. main object< of engaging io the business of procurcaent, transrnissi~o and bulk supply of electric enerby, shall subject to the powers of the Statc Government undcr section 12, be the principal company to undertakt planning and co-ordination. in regard to transmission and !o determine ,hc ekctrici ly requirements in I l~e State in co-ordina tion with the Generating Compsnics; State Government, conriguous States, the Commission the Regional Elcclricity Board and the Central Elecrriciry Authority, - - (21 Gridco shall own the extra high voltage lraasmisaion system, shall be responsible for transmission system operations and shall operate the power sysleni in an efficient manner. (3) Gridco ;hall undertake the iu~ictionlj cpeci6ed in this section and such other functions as may be required undcr the licencc to be granted to it by the Commission under this Act. (4) Upon the grant of Iiccace to Gridco under section 1 5, Gridco shall discharge such powers, duties and functions of the Board including those under the India . Electricity Act, 1910 ,and the Electricity (Suppy) Act, 1948 or the rules framed thereunder as the Commission may specif) in the licence and it shall undertake and 54 af 1948 duly discharge t be powers, dutierc and functions so assigned. (5) Subject to sub-section ( I) and the overall supervision and control of Grid& subsidiary or associated Grid companies may be established in the State and the Commi?;sioa may grant ljcences under the lcrms of this Act to such Grid companies in consultation with Gndco. LICENSING OF TRANSMISSION AND SUPPLY Licami~g