National Transmission & Despatch Company (NTDC) was incorporated on 6th November, 1998 and commenced commercial operation on 24th December, 1998. It was organized to take over all the propertise, rights and assets obligations and liabilities of 220 KV and 500KV Grid Stations and Transmission Lines/Network owned by Pakistan Water and Power Development Authority (WAPDA). NTDC operates and maintains fourteen 500 KV and thirty eight 220 KV Grid Stations, 5110.48 km of 500 KV transmission line and 9686.32 km of 220 KV transmission line in Pakistan. NTDC was granted Transmission Licence No.TL/01//2002 on 31st December 2002 by National Electric Power Regularity Authority (NEPRA) to engage in the exclusive transmission business for a term of thirty (30) years, pursuant to Section 17 of the Regulation of Generation, Transmission and Distribution of Electric Power Act, 1997.