Power Grid Corp board approves investment worth Rs 367 cr – EQ
In Short : The approval by the Power Grid Corp board for an investment worth Rs 367 crore indicates a commitment towards enhancing the power infrastructure in India. This investment has the potential to contribute to the development of the energy sector and provide reliable electricity supply to the country. If you have any specific queries about this investment or any related topics, feel free to ask and I’ll be happy to assist you!
In Detail : State-owned Power Grid Corp board on Wednesday approved a proposal to invest about Rs 367 crore in electricity transmission projects.
Committee of Directors on Investment on Projects’ of Powergrid in its meeting held on November 22, 2023, has accorded investment approval for two projects, a BSE filing showed.
As per the filing, the first project which got the approval is an augmentation of transformation capacity by 1X1500 MVA (3rd), 765/400 KV ICT at Maheshwaram (PG) substation in Telangana at an estimated cost of Rs 142.69 crore.
It is scheduled to be commissioned within 21 months from the date of intimation by CTUIL (Central Transmission Utility) letter on July 10, 2023 — by April 9, 2025.
The board also approved the transmission System for Evacuation of Power from the Potential RE Zone in the Khavda Area of Gujarat under phase IV (7GW)- Part E4 at an estimated cost of Rs 224.41 crore, scheduled to be commissioned within 24 months from the date of intimation by CTUIL letter on July 10, 2023 — by July 9, 2025.
