MoneyWorks4Me

Power Grid wins 765kV transmission project in eastern region on BOOM basis

22 Feb 2017 Evaluate

Power Grid Corporation of India (PGCIL) has been declared as the successful bidder under Tariff based competitive bidding to establish ‘765kV Strengthening in Eastern Region (ERSS-XVIII)’ on build, own operate and maintain (BOOM) basis. The Letter of Intent (LoI) has been received on February 21, 2017.

Earlier in January, PGCIL had inked a Memorandum of Understanding (MoU) with Abu Dhabi Water & Electricity Authority (ADWEA) & its group for cooperation in areas like smart grid, transmission technology and distribution.

Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India. Power Grid transmits about 50% of the total power generated in India on its transmission network.



Peers
Company Name CMP
NTPC 327.00
Tata Power 361.00
Adani Power 202.35
Power Grid Corpn. 263.50
Adani Energy Solut. 1350.00
View more..