MOU
POWERGRID Enters in Term Loan facility with SBI
New Delhi: Power Grid Corporation of India Limited, has entered into a Term Loan Facility Agreement for Rs. 10,000 Crore with State Bank of India, for meeting capital expenditure for expansion/renovation and setting up of various undergoing and new transmission & other projects in the company and in identified SPVs/JVs of the company.
POWERGRID has an ambitious investment plan and has budgeted Capital expenditure (CAPEX) including investment in joint venture and subsidiaries of Rs. 25000 Crore during the financial Year 2018-19.
Major transmission lines under execution by POWERGRID are HVDC Bipole link between Western Region and Southern Region (Raigarh-Pugalur 6000MW HVDC System), POWERGRID Southern Interconnector Transmission System, Green energy Corridor ISTS, POWERGRID Medinapur-Jeerat Transmission system and POWERGRID Varanasi Transmission System Limited.
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