The DMK Government today launched Tamil Nadu Transmission Corporation Limited, setting into motion the trifurcation of the state electricity board in line with the Centre's directive, even as it said that the three corporations would not be privatised "at any cost."
Launching the Corporation here, Chief Minister M Karunanidhi said the step, in accordance with the Electricity Act-2003, would help in effective management and distribution of the growing power demand in the state.
This would promote an investor-friendly image of the state, he added.
After coming to power in 2006, the DMK government had decided to add 5900 MW to the existing installed capacity of 10,214 MW and launched various projects in association with National Thermal Power Corporation and others, he said.
"I am confident that the creation of the new corporations will ensure effective monitoring of these projects and distribution of power generated," he said, adding the ongoing projects would be completed by 2012.
The state would produce 15,152 MW by then.
Officers and employees of Tamil Nadu Electricity Board (TNEB) would have the option to join in one of the three corporation -- TNEB Ltd, Tamil Nadu Transmission Corporation and Tamil Nadu Generation and Distribution Corporation, the chief minister said, adding the corporations "will not be privatised at any cost."