Power Grid Company of Bangladesh Ltd.(PGCB) was created under the restructuring process of Power Sector in Bangladesh with the objective of bringing about commercial environment including increase in efficiency, establishment of accountability and dynamism in accomplishing its objectives. PGCB was incorporated in November 1996 with an authorized capital of Tk.10 billion. It was entrusted with the responsibility to own the national power grid;to operate and expand the same with efficiency. Pursuant to Government decision to transfer transmission assets to PGCB from Bangladesh Power Development Board (BPDB) and Dhaka Electric Supply Authority (DESA), PGCB completed taking over of all the transmission assets on 31.12.2002 since then ,PGCB is operating those efficiently and effectively.
"To plan, promote, develop, operate and maintain an integrated and efficient power transmission system network in all its aspects including planning, investigation, research, design and engineering, preparation of preliminary feasibility and detailed project reports, construction operation and maintenance of transmission lines, substations, load despatch centres and communication facilities and appurtenant works, co-ordination of integrated operation of regional, national and international grid systems, providing consultancy services in power systems field, execution of turnkey jobs for other utilities / organisation, wheeling of power, purchase and sale of power."
Tk.10,000,000,000.00 (ten billion) divided into 100,000,000 (one hundred million) ordinary shares of Tk. 100 each.
Paid-Up Share Capital : 36,435,810 Nos. Ordinary Share of Tk. 100 each total Tk 3,643,581,000
The Board of Directors of PGCB reconstituted with Secretary(Retd), Joint Secretary (Admin) Power Division ; Chairman BPDB; Professor BUET; representative of ICAB; representative of IEB; representative of FBCCI and representative of consumer association of Bangladesh. The particulars of the present Directors of the Board are as follows :
The Board of Directors mainly makes policy decisions to manages bussiness of the company.The Board has delegated a few authority to the Managing Director and other Executive Directors to operate the day to day bussiness of the company. The Executive Directors are as mentioned below:
Total approved manpower are 2126. Present manpower are 1927 as on 30 September, 2009. At begining manpower were absorved from BPDB. Now-a-days vacant posts are filled in by promotion and fresh appointment from outside. Service rules for employees has already been approved by board.
Service conditions:
Under the supervision of General Manager Trans-1 (Dhaka) and Trans-2 (Outside Dhaka), five grid circles headed by Deputy General Managers are performing the following operations:
Under the supervision of General Manager (System Operation), Load Despatch Circle is headed by a Deputy General Manager who is performing the following operations:
Under the supervision of General Manager (System Operation), Communication Circle is headed by a Deputy General Manager who is performing the following operations:
Under the supervision of General Manager (P&D), SPMC is headed by a Deputy General Manager and are performing the following jobs:
Under the supervision of General Manager (P & D), Design Circle is headed by a Deputy General Manager who is performing the following jobs:
Under the supervision of General Manager (P & D), Planning Circle is headed by a Deputy General Manager is performing the following jobs.
Under the supervision of General Manager (Projects), five Project Offices each headed by a Project Director and Deputy General Manager is performing the following jobs: