Amendment status not verified — confirm the current text below against the official source.
(1) Not later than sixty days of the Act coming into force the State Government shall constitute *TSTRANSCO to be incorporated and organised under the provisions of the Companies Act, 1956 as the Transmission Corporation of 10Telangana Limited, with the principal of objects of engaging in the business of procurement, transmission and supply of electric energy. (2) Subject to the powers of the State Government under section 12, the *TSTRANSCO established by the State Government in terms of sub-section (1) shall be the principal company to undertake all planning and co-ordination in regard to transmission; undertaking the works connected with transmission, determining the electricity requirements in the State in co-ordination with the Generating companies, State Government, the Commission, the Regional Electricity Boards, and the Central Electricity Authority; the operation of the power system. (3) *TSTRANSCO shall own the extra high voltage transmission system, shall be responsible for the transmission system operation and shall operate the power system in an efficient manner. (4) *TSTRANSCO shall undertake the functions specified in this section and such other functions as may be assigned to it by the licence to be granted to it by the Commission under this Act. (5) Upon the grant of licence to the *TSTRANSCO under clause (a) of sub-section (1) of section 15 of this Act,