PowerGrid board approves investments of Rs 733 point 32Cr

Psu Connect Date: 20-08-16

MUMBAI. Power Grid Corp today said its board has approved three investment proposals worth Rs 733.32 crore for power transmission related projects.

The board approved `provision of STATCOM at Nalagarh and Lucknow in Northern region at an estimated cost of Rs 431.89 crore with commissionin schedule of 30 months from the date of investment approval`.

It also approved investment for `provision series reactor in Northern region at an estimated cost of Rs 177.52 crore, with commissioning of schedule of 30 months from the date of investment approval`. The other approval is for `Northern Region System Strengthening Scheme (NRSSS) XXXV at an estimated cost of Rs 123.91 crore with commissioning schedule 24 months from the date of investment approval.

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