Power Grid to invest Rs 810 crore in upcoming projects

Power Grid Corporation of India Limited (PGCIL) has announced plans for significant investments amounting to Rs 810 crore. The decision, approved by PGCIL’s board on June 21, includes multiple projects aimed at enhancing infrastructure across various locations.

In Madhya Pradesh, PGCIL will invest Rs 117.51 crore to upgrade an existing facility, with the project slated for completion within 18 months.

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Another project in Kurnool involves augmenting transformation capacity at a cost of Rs 163.61 crore, scheduled to be commissioned within 21 months from the date of intimation.

In Telangana’s Veltoor, PGCIL plans to invest Rs 104.22 crore for upgradation works at a plant.

Additionally, the company will undertake a substantial project worth Rs 424.21 crore for implementing unified load dispatch and communication phase-3 in the eastern region.

PGCIL’s board has also given an in-principle approval to form a joint venture with Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPNL) for developing an intra-state transmission system in Rajasthan. However, this development is contingent upon approvals from the power ministry, department of investment and public asset management (DIPAM), Niti Aayog, and other statutory authorities.

These initiatives underscore PGCIL’s commitment to enhancing its infrastructure and operational capabilities, reinforcing its pivotal role in India’s power transmission sector.