Power Grid board approves investment worth Rs 367 crore

State-owned Power Grid Corporation of India Limited (PGCIL) gave their approval for an investment of approximately Rs 367 crore towards electricity transmission projects.

 

 

 

 

This decision was made during a meeting held on November 22, 2023 by the Committee of Directors on Investment on Projects. According to a BSE filing, the investment approval was granted for two projects.

 

The first project, estimated to cost Rs 142.69 crore, involves adding a 1X1500 MVA (3rd), 765/400 KV ICT at the Maheshwaram (PG) substation in Telangana.

 

It is expected to be completed within 21 months from the date of intimation by the Central Transmission Utility letter on July 10, 2023, making the deadline for commissioning April 9, 2025.

 

The board gave its approval for the transmission system to evacuate power from the promising renewable energy zone in Khavda, Gujarat. This phase IV project, known as Part E4 and estimated at a cost of Rs 224.41 crore, is expected to be completed and commissioned within 24 months from the date of notification by CTUIL on July 10, 2023. The deadline for completion is set for July 9, 2025, according to PTI reports.