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Power Grid board approves Rs 3,324 cr investment proposals

Power Grid board approves Rs 3,324 cr investment proposals

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Power Grid Corporation of India (PGCIL) recently said its board has given approval to investment proposals worth Rs 3,324 crore, including Rs 845 crore generation projects in Odisha and Rs 810 crore solar park in Karnataka.

“The Powergrid Board of Directors in their meeting held on April 2, 2016, have accorded approval” to several projects including investment approval for ‘substation extensions for transmission system associated with Vindhyachal V project of NTPC at an estimated cost of Rs 287.99 crore, the company said in a BSE filing. The project is scheduled to commission in June 2018. The board has also approved investment of Rs 46.57 crore in projects associated with Western Region Strengthening Scheme, Rs 47.77 crore investment in transmission system for Gadarwara STPS of NTPC and Rs 40.91 crore in transmission system for ultra mega solar park in Anantpur district in Andhra Pradesh.

The board also gave “investment approval for ‘associated transmission system for Nabinagar 11 TPS (3X660 MW) at an estimated cost of Rs 790.13 crore with commissioning schedule of 38 months progressively from date of investment approval.” The filing said it also gave nod to “investment approval for ‘powergrid works associated with common transmission system for phase II generation projects in Odisha at an estimated cost of Rs 844.64 crore with commissioning schedule of 36 months …for 2 nos of 400 kV GIS line bays at Jharsuguda (Sundargarh) substation.” The other proposal approved by the board include powergrid works associated with common transmission system for phase II generation projects in Odisha at an estimated cost of Rs 844.64 crore, eastern region strengthening scheme at a cost of Rs 454.11 crore and transmission system for ultra mega solar power park at Tumkur in Karnataka at an estimated cost of Rs 810.48 crore.

Source:Moneycontrol

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Anand Gupta Editor - EQ Int'l Media Network

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