Power Grid Corporation Of India Ltd.

The Cabinet Committee on Economic Affairs (CCEA) has approved monetisation of assets of Power Grid Corporation of India, a  Public Sector Undertaking (PSU) under Ministry of Power, through Infrastructure Investment Trust (InvIT) model. This is the first time any PSU in Power Sector will undertake asset recycling by monetising its assets through the InvIT model and using the proceeds to fund the new and under-construction capital projects.

This approval would help Power Grid to monetise in the first lot, assets with gross block value of more than Rs 7000 crore. These assets, which are mainly High Voltage Transmission lines and substations, are held by Power Grid in form of Special Purpose Vehicles (SPVs). The proceeds from the asset monetization would be deployed by Power Grid in their new and under-construction projects.

Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.