Power Grid Corporation Of India Ltd.

BSE: 532898 | NSE: POWERGRID
Large Cap | Power Generation/Distribution
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PowerGrid mulls JVs with states for transmission networks

Date: 31-10-2011

The PowerGrid Corporation is looking at entering into joint venture agreements with various state governments for laying out intra-state transmission networks. The power distribution and generation capacity has increased since the past few years. Therefore, there is a need for intra-state grid connectivity. PowerGrid is in talks with states including Orissa, Sikkim, Assam, etc. The corporation has already adopted the joint venture model on public private partnership (PPP) basis with eight companies for intra-state connectivity.

The corporation has entered into joint venture agreements with Powerlinks Transmission, Parbati Koldam Transmission Company, Torrent Power Grid, Energy Efficiency Services, Teesta Valley Power Transmission, Northeastern Transmission Company and National High Power Test Laboratory.