Power Grid Gets Nod For Two Projects Worth Rs 1,682.13 Crore (25-Jan-2012)
State-owned transmission utility Power Grid Corporation of India (PGCIL) has received its board's approval for two projects entailing a total investment of Rs 1,682.13 crore.
The board has given green signal for system strengthening in Raipur-Wardha Corridor for IPP Projects in Chhattisgarh, at an estimated cost of Rs 1,422.85 crore. This project is expected to be commissioned within 36 months from the date of investment approval.
Another project is the transmission system for establishment of 400/220kV GIS substation at Magarwada in Daman & Diu at an estimated cost of Rs 259.28 crore with a commissioning schedule of 24 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.
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