Power Grid Corporation Of India Ltd.

Power Grid Corporation of India (PCGIL) has received nod for two investment proposal. The first investment approval is for common system associated with Coastal Energen and Ind-Barath Power (Madras) LTOA Generation Projects in Tuticorin area (Part-B) at an estimated cost of Rs 1940.13 crore, with commissioning schedule of 36 months from the date of investment approval.

While, the second investment approval is for Power Grid sub-station works associated with transmission scheme for enabling import of NER/ER surplus power by NR at an estimated cost of Rs 80.42 crore, with commissioning schedule of 18 months from the date of investment approval. The board at its meeting held on September 16, 2011 has considered and approved the same.

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. GoI holds 69.42% stake in PGCIL as on March 31, 2011.