Type Public Limited Genre Corporate Headquarters Vadodara Number of employees 7,500 Parent organization Gujarat Urja Vikas Nigam | Industry Power Services Power Transmission Founded May 1999, Vadodara Area served Gujarat | |
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Predecessor Gujarat Electricity Board [GEB] Number of locations 930 Substations (2008) at 2008-03-31 | ||
Uttar Gujarat Vij Company Ltd. is an electricity company that was incorporated on 15 September 2003 by Gujarat Electricity Board (GEB). The Company obtained the Certificate of the Commencement of Business on 15 October 2003. The company was one of several created as a part of efforts towards restructuring of the power sector in the state of Gujarat in India.
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Description
The company is involved in electricity sub-transmission distribution and retail supply in the State of Gujarat or outside the State. Their mandate is to establish and use a power system network and to buy and sell electrical energy, and to collect information with an eye towards further system improvements.
The Gujarat Electricity Industry (Re-Organization & Regulation) Act 2003 paved the way for comprehensive reform and restructuring of the State Electricity Board with an aim to restructure the Electricity Industry in a manner that will ensure the long term viability and sustainability of the power sector in the state. As a part of the reform process, the GEB was disaggregated into several autonomous entities.
The Electricity Act 2003 introduced competition by way of open access in the transmission and distribution of electricity. The Act also provided for reorganization of the Electricity Boards through appropriate transfer schemes being formulated by the state governments. The Government of Gujarat reorganized the GEB functionally into a Generation Company, a Transmission Company and four Distribution Companies. Thereby Uttar Gujarat Vij Company Limited became functional on 1 April 2005.
Achievements
In 2009, UGVCL won the India Power Award.