Power Grid assets to be monetised via InVITs, says CCEA

NEW DELHI: The Cabinet Committee on Economic Affairs (CCEA) on Tuesday allowed Power Grid Corporation of India Limited (POWERGRID) to undertake a monetisation of its tariff projects, which it won through competitive bidding, estimated at Rs 7,164 crore.

The approval covers assets held in existing Special Purpose Vehicle (SPVs) and wil be done through Infrastructure Investment Trusts (InvIT). The Centre said that the proceeds will be used for new investment in expanding the transmission network and other capital schemes.