Mumbai: Power Grid Corporation of India (PGCIL) has received an approval for four investment proposals worth Rs 1480.96 crore. The board of directors at its meeting held on March 04, 2015 has approved for the same.
The first investment approval is for installation of STATCOM in Western Region at an estimated cost of Rs 1,071.24 crore, with commissioning schedule of 30 months progressively from the date of investment approval. The second approval is for Spare 765/400KV transformers for Northern Region at an estimated cost of Rs 63.56 crore, with commissioning schedule of 24 months from the date of investment approval.
The third investment approval is for establishment of Fiber Optic Communication System in Northern Region under Fiber Optic Expansion Project (Additional Requirement) at an estimated cost of Rs 197.40 crore, with commissioning schedule of 36 months from the date of investment approval while the fourth investment approval is for Northern Region System Strengthening Scheme-XXXIV (NRSS-XXXIV) at an estimated cost of Rs 148.76 crore, with commissioning schedule of 28 months from the date of investment approval.
PGCIL is India’s principal electric power transmission company. It owns and operates most of India’s interstate and inter-regional electric power transmission systems with inter-regional power transfer capacity of about 20,800 MW and wheels nearly 45% of total power generated across India.
