Power Grid Corporation Of India Ltd.

Power Grid Corporation of India (PGCIL) has received an approval for two investment proposal worth Rs 209.13 crore. The board of director at its meeting held on August 27, 2013 has approved for the same. The first investment approval is for installation of transformer and procurement of Spare Converter Transformer at Bhadrawati HVDC Back to Back Station at an estimated cost of Rs 135.65 crore, with commissioning schedule of 24 months from the date of investment approval.

The second investment approval is for Eastern Region Strengthening Scheme-VIII (ERSS-VIII) at an estimated cost of Rs 73.48 crore with commissioning schedule of 20 months from the date of investment approval.

Power Grid Corporation of India 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.