Global InformationGujarat Urja Vikas Nigam information
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| Company type | State Government Electricity Board |
|---|---|
| Industry | Power |
| Genre | Government Entity |
| Predecessor | Gujarat Electricity Board (GEB) |
| Founded | Vadodara, India (May 1999) |
| Headquarters | Vadodara , India |
Number of locations | Corporate office, Vadodara |
Area served | Gujarat |
| Services | Power generation, transmission and distribution |
| Owner | Department of Power and Petrochemicals , Government of Gujarat |
Number of employees | 100+ (2008) |
| Subsidiaries |
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| Website | https://www.guvnl.com/ |
Gujarat Urja Vikas Nigam Limited (GUVNL) is a state electricity regulation board in the Indian state of Gujarat,India owned by the Government of Gujarat. It was established in May 1999 and is registered under the Companies Act 2013. The company was incorporated under the Gujarat Electricity Board (GEB) as wholly-owned subsidiary. The company aims towards restructuring the power sector and improving efficiency of its management and distribution of various services to consumers. As a part of the power reform process, the Electricity Act, 2003, was passed by the Government of India and Gujarat Electricity Industry (Re-organization & Regulation) Act, 2003, was passed by the Government of Gujarat to organize and administer the electricity industry with an aim to improve efficiency in management and delivery of services to consumers.
The government of Gujarat framed the Gujarat Electricity Industry Re-organization & Comprehensive Transfer Scheme, 2003, (the Transfer Scheme) vide Government Notification on November 2003, for the transfer of assets/liabilities etc.,while Gujarat Electricity Board (GEB) to the successor entities. Accordingly, GEB was reorganized effective from 1 April 2005 into seven companies with functional responsibilities of trading, generation, transmission and distribution.
The companies incorporated are as under:
| Gujarat Urja Vikas Nigam Ltd. (GUVNL) | Holding Company |
| Gujarat State Electricity Corp. Ltd.(GSECL) | Generation |
| Gujarat Energy Transmission Corp. Ltd.(GETCO) | Transmission |
| Uttar Gujarat Vij Company Ltd. (UGVCL) | Distribution |
| Dakshin Gujarat Vij Company Ltd. (DGVCL) | |
| Madhya Gujarat Vij Company Ltd. (MGVCL) | |
| Paschim Gujarat Vij Company Ltd. (PGVCL) |
The Gujarat Urja Vikas Nigam Limited was incorporated as a Gujarat Electricity Board. Since 100% Shares in the other six companies are held by GUVNL w.e.f 1 April 2005 they have become subsidiary companies of GUVNL as per the provisions of the Companies Act,1956.
The GUVNL is engaged in the business of bulk purchase and sale of electricity, supervision, co-ordination and facilitation of the activities of its six subsidiary companies. The GSECL is engaged in the business of Generation of Electricity. The GETCO is engaged in the business of transmission of electricity. The UGVCL, DGVCL, MGVCL and PGVCL are engaged in the business of Distribution of Electricity in the Northern, Southern, Central and Western areas of Gujarat respectively.