Power Grid Corporation Of India Ltd.

Power Grid Corporation of India (PGCIL) has received nod for five investment proposals worth Rs 3,487.91 crore. The first investment approval is for common system associated with East Coast Energy and NCC Power Projects LTOA Generation Projects in Srikakulam Area - Part-A at an estimated cost of Rs 1,909.24 crore with a commissioning schedule of 36 months from the date of investment approval. The second approval is for system strengthening - XVIII in Southern Regional Grid at an estimated cost of Rs 1,263.26 crore with a commissioning schedule of 29 months from the date of investment approval.

While, the third approval is for Fibre Optic Communication System for Central Sector Sub-stations & Generating Stations in Southern Region at an estimated cost of Rs 174.16 crore with a commissioning schedule of 30 months from the date of investment approval. The fourth approval is for Line Bays and Reactor at Power Grid sub-station for Raichur - Sholapur Transmission Line for Synchronous interconnection between SR and WR at an estimated cost of Rs 75.74 crore with a commissioning schedule of 21 months from the date of investment approval.

Finally, the fifth approval is for augmentation of Transformer and Bays in Western Region at an estimated cost of Rs 65.51 crore with a commissioning schedule of 24 months from the date of investment approval. The board at its meeting held on May 29, 2012 has considered and approved the same.