Products Electricity Founded 20 June 1960 Organization type State-owned enterprise Purpose Power distribution | Website www.msebindia.com Owner Government of Maharashtra Area served Maharashtra | |
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Industry Electricity Generation, Electricity Transmission, Electricity Distribution Parent Government Of Maharashtra Headquarters Mumbai, Maharashtra, India | ||
Maharashtra State Electricity Board (or MSEB) ( Marathi:महाराष्ट्र राज्य विद्युत मंडळ) is a state-owned electricity regulation board operating within the state of Maharashtra in India. The MSEB was formed on 20 June 1960 under Section 5 of the Electricity (Supply) Act, 1948. In 1998 it was the second largest electricity generating utility in India after National Thermal Power Corporation.
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History
The company's predecessor was the Bombay Electricity Board which was formed on 6 November 1954 and operated up to 31 March 1957 when it was renamed to Maharashtra State Electricity Board which operated until 19 June 1960. The result of a collaboration between the MSEB and Enron was the Ratnagiri power plant.
Restructuring
In accordance with Electricity Act 2003 of the Government of India, the Maharashtra State Electricity Board was restructured into 4 companies in 2005. These companies were registered with Company Registrar in Mumbai on 31 May 2005 as follows:
Mahavitaran−MSEDCL is responsible for distribution of electricity throughout the state by buying power from either Mahanirmiti−MSPGCL power plants, or from other state electricity boards and private sector power generation companies.
The holding company entity, MSEB Holding Company Limited, holds all the stake in the other three companies.