Power Grid’s Committee of Directors Investment on Projects approves Rs 810 cr project investments
Power Grid Corporation of India’s (PGCIL's) board has approved several investment proposals worth Rs 810 crore, the company said in a regulatory filing.
According to the exchange filing made, the company stated, it is to inform that the 'Committee of Directors on Investment on Projects' of POWERGRID in its meeting held today i.e. 21st June 2024 have accorded Investment approval for the following projects:
Augmentation of Transformation Capacity at 765/400 kV Indore S/s in Madhya Pradesh at an estimated cost of Rs. 117.51 crore scheduled to be commissioned within 18 months from the date of intimation by CTUIL letter i.e. by 26.06.2025.
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Augmentation of 1x1500 MVA (3rd), 765/400 kV transformation capacity at Kurnool New S/s. at an estimated cost of Rs. 163.61 crores scheduled to be commissioned within 21 months from the date of intimation by CTUIL letter i.e. by 26.09.2025.
Reconductoring of Raichur – Veltoor (Mahabubnagar) 400 kV S/c line with HTLS conductor at an estimated cost of Rs. 104.22 crore scheduled to be commissioned within 24 months from the date of intimation by CTUIL letter i.e. by December 2025.
Implementation of Unified Load Dispatch and Communication (ULDC) Phase-III (SCADA/EMS Upgradation Project) – Eastern Region SLDCs) at an estimated cost of Rs. 424.21 crore with a commissioning schedule of 31.05.2026.
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Furthermore, the PSU company board has accorded the in-principle approval for the formation of a Joint Venture (JV) with Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPNL) for the development of a state Transmission System in the state of Rajasthan.
The company added that the respective joint venture is subject to the approval of its administrative Ministry i.e. Ministry of Power, DIPAM, Niti Aayog, and other statutory authorities as may be required.
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