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Power Grid gets nod for five investment proposals worth Rs 1915 crore

13 Feb 2014 Evaluate

Power Grid Corporation of India (PGCIL) has received an approval for investment proposals worth Rs 1915.01 crore. The board of directors at its meeting held on February 05, 2014 has approved for the same. The first investment approval is for system strengthening in Southern Region - XXII at an estimated cost of Rs 243.53 crore, with commissioning schedule of 30 months from the date of investment approval while the second approval is for sub-station extension works associated with Transmission System required for evacuation of power from Kudgi TPS (3x800 MW In Phase-I) of NTPC at an estimated cost of Rs 167.40 crore, with commissioning schedule of 22 months from the date of investment approval.

The third approval is for Northern Region System Strengthening Scheme - XXX at an estimated cost of Rs 539.82 crore, with commissioning schedule of 28 months from the date of investment approval and the fourth approval is for Northern Region System Strengthening Scheme - XXXII at an estimated cost of Rs 908.08 crore, with commissioning schedule of 28 months from the date of investment approval.

Further, the company has received fifth approval for expansion/up-gradation of SCADA/EMS system of SLDCs of North Eastern Region at an estimated cost of Rs 56.18 crore, with commissioning schedule of 27 months from the date of investment approval.

PGCIL is India’s principal electric power transmission company. It owns and operates most of India’s interstate and inter-regional electric power transmission systems with inter-regional power transfer capacity of about 20,800 MW and wheels nearly 45% of total power generated across India.

Power Grid Corp Share Price

318.05 5.80 (1.86%)
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Peers
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