POWERGRID approves Inter-Regional System Strengthening Scheme for WR and NR

NEW DELHI . Power Grid Corporation of India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 24, 2014 have accorded following approvals:

 

 

 

(a) Investment approval for ''Procurement of DWDM Telecom equipment, DCPS System, Air-conditioning system and Shelter due to augmentation of Telecom network for BSNL requirements'' at an estimated cost of Rs. 57.47 Crore, with commissioning schedule of 6 months from the date of award;

 

 

 

(b) Investment approval for ‘Inter-Regional System Strengthening Scheme for WR and NR (Part-B)’ at an estimated cost of Rs. 6517.36 Crore, with commissioning schedule of 40 months progressively from the date of investment approval; and

 

 

 

(c) Sovereign Loan (POWERGRID as Direct Borrower for a loan) from ''KfW, Frankfurt am Main, (“KfW”), Germany’ for an amount of Euro 500 Million for financing of Green Energy Corridors: Inter-State Transmission Strengthening Scheme (ISTS) - Part A, B & C.  Money control.com