New Delhi-The Competition Commission of India (CCI) has accredited the proposed acquisition of 100 per cent shareholding of GVK Power (Goindwal Sahib) Limited by Punjab State Power Corporation Ltd.
Punjab State Power Corporation Ltd, is a totally owned enterprise of the federal government of Punjab. The erstwhile Punjab State Electricity Board (PSEB), was a statutory physique shaped on 1st February, 1959 beneath the Electricity Supply Act, 1948.
The PSEB was “unbundled” by the Government in 2010 into two separate entities — Punjab State Power Corporation Limited (PSPCL) and Punjab State Transmission Corporation Limited (PSTCL).
GVK Power (Goindwal Sahib) Limited, integrated in December 1997, is an entirely owned subsidiary of GVK Energy Limited which in flip is the subsidiary of GVK Power and Infrastructure Limited.
It is engaged in energy technology by way of a 540 coal based mostly thermal energy plant.