Power Grid Corporation Of India Ltd.

Power Grid Corporation of India (PGCIL) has received an approval for two investment proposals worth Rs 1046.71 crore. The board of directors at its meeting held on November 11, 2014 has approved for the same. The first investment approval is for Sub-station Works associated with System Strengthening in Southern region for import of power from Eastern Region at an estimated cost of Rs 972.42 crore, with commissioning schedule of 36 months from the date of investment approval with best efforts matching with the transmission line being implemented under Tariff Based Competitive Basis (TBCB).

The second approval is for Common Transmission Scheme associated with ISGS Projects in Nagapattinam / Cuddatore Area of Tamil Nadu at an estimated cost of Rs 74.29 crore, with commissioning schedule of 30 months from the date of investment approval with best efforts matching with the transmission lines being implemented under Tariff Based Competitive Basis (TBCB).

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.