Report of Indian Institute of Public Administration ... - Ministry of Power

Gujarat
assets transferred to it from GEB at the time of its incorporation. GETCL acquired
GEB’s all the assets/liabilities pertaining to transmission only after GEB was
restructured.
From the above it would be noted that corporate structures for generation and
transmission of energy were in place for quite some period even before GEB was
restructured.
SEAMLESS TRANSFORMATION FROM GEB TO CORPORATE ENTITIES
Chronology of Events
Major events associated with the restructuring process are noted below. Besides these,
a number of supporting actions were taken by the State Government and GEB to
ensure that the programme of restructuring of GEB was carried out smoothly without
any obstructions.
Chronology of Events
May 2003 Promulgation of Gujarat Electricity Industry (Reorganisation and Regulation) Act, 2003
August 2003 Government of Gujarat suggests GEB to form four distribution companies
October 2003 Signing of Tripartite Agreement between Government of Gujarat, GEB and six
recognised unions and associations in GEB
October 2003 Government of Gujarat notifies Scheme of transfer of assets to GSECL, GETCL, four
DISCOMs and residual GEB
December 2004/
March 2005
Financial Restructuring Plan (FRP) submitted to Government of Gujarat. A new company
named ‘Gujarat Urja Vikas Nigam Ltd. (GUVNL)’ was formed and provisional opening
balance sheets of all companies notified
April 2005 Formation of Committee for FRP and operationalisation of companies
December 2005 Government of Gujarat approves the FRP
May 2006 Government of Gujarat notifies final balance sheets of all companies
In achieving the above schedule, Government of Gujarat’s role was very positive and
proactive. It also took stringent/strict measures against theft of electricity by enacting
the Anti-Theft Law, creation of dedicated police stations and special courts to deal
with this menace.
9.3