August 8, 2014
Power Grid Corp has received approval of its board for investing Rs. 477.24 crore in two transmission projects.
The utility will invest Rs. 288.49 crore for ‘System Strengthening – XX in Southern Regional Grid’. Another Rs. 188.75 crore would be put in for ‘Transmission System for Connectivity for NCC Power Projects Ltd. (1,320 MW)’.
Both projects are expected to be commissioned in 30 months from the date of investment approval.