Unbundling of Assam State Electricity Board Sample Clauses

Unbundling of Assam State Electricity Board. In 2002, ASEB, under the Companies Act (1956), incorporated the successor entities: APGCL, AEGCL, and three distribution utilities. Through the transfer scheme, the existing assets of generation, transmission, and distribution were transferred to these utilities. ASEB remains active as a coordinating agency. Despite the physical unbundling, institutional, managerial, and financial sustainability is undermined by limited corporate governance of the successor entities (Figure 1). Due to this constraint, ASEB is responsible for centralized corporate strategy, and financial and human resource management. Capacity development is required for the unbundled structure to be fully operationalized. The organization structure of AEGCL is in Appendix 3.
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