Constitution and functions of the Transco.

(1) Within sixty days of the Act coming into force, the State Government shall cause Transco to be incorporated and organised under the provisions of the Companies Act, 1956, as the Transmission Corporation of Haryana Limited, with the principal objects of engaging in the business of procurement, transmission and supply of electric energy. (2) Subject to the powers of the State Government under section 12, the Transco established by the State Government in terms of sub-section (1) shall be the principal company to undertake all planning and coordination in regard to transmission, undertaking the works connected with transmission, determining the electricity requirements in the State in coordination with the Generating companies, State Government, the Commission, the Regional Electricity Board and the Central Electricity Authority; the operation of the power system.