Jharkhand Urja Sancharan Nigam Limited (JUSNL) was set up in January 2014 and is registered under the companies Act, 1956. The company came into existence after unbundling of erstwhile Jharkhand State Electricity Board in compliance of the Electricity Act, 2003, as it’s wholly owned subsidiary in the context of liberalization in terms of Jharkhand State Electricity Reforms Transfer Scheme, 2013, as notified vide Notification no. 18 dated 06.01.2014 issued by the Department of Energy, Govt. of Jharkhand, to undertake the business of transmission and wheeling of electricity in the State
Consequent to the Jharkhand State Electricity Reforms Transfer Scheme, 2013, the Government of Jharkhand, has vested the property, assets, liabilities, rights and obligations of erstwhile Jharkhand State Electricity Board to the successor Companies as listed below:
a) Jharkhand Urja Vikas Nigam Ltd. (Holding Company)
b) Jharkhand Urja Utpadan Nigam Ltd. (Generating Company)
c) Jharkhand Urja Sancharan Nigam Ltd. (Transmission Company & SLDC)
d) Jharkhand Bijli Vitaran Nigam Ltd. (Distribution Company)
The Jharkhand Urja Vikas Nigam Limited is the holding company of above three companies primarily meant for coordinating the activities for the smooth functioning till finalisation of transfer scheme.
As per clause 5.1 of Transfer Scheme, the function, business and Undertakings forming part of Transmission Undertaking as set out in Schedule ‘A’ hereto shall stand transferred to and vest in Jharkhand Urja Sancharan Nigam Limited (JUSNL) on and from the effective date i.e. 06.01.2014.
Further as per clause 5.5 of Transfer Scheme, JUSNL shall be responsible for all functions, contracts, rights, deeds, schemes, bonds, agreements, proceedings, and other instrument and whatever nature, relating to the respective effect on the date of the transfer, and the same shall remain in force and effect against or in favour of the respective transferee and may be enforced effectively as if the respective transferee had been a party thereto instead of the Board.