Power Grid board approves investment worth Rs 367 crore

New Delhi: State-owned Power Grid Corporation of India Limited (PGCIL) board on Wednesday approved a proposal to invest about Rs 367 crore in electricity transmission projects.

Committee of Directors on Investment on Projects' of Power Grid in its meeting held on November 22, 2023, has accorded investment approval for two projects, a BSE filing showed.

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As per the filing, the first project which got the approval is an augmentation of transformation capacity by 1X1500 MVA (3rd), 765/400 KV ICT at Maheshwaram (PG) substation in Telangana at an estimated cost of Rs 142.69 crore.

It is scheduled to be commissioned within 21 months from the date of intimation by CTUIL (Central Transmission Utility) letter on July 10, 2023 -- by April 9, 2025.

The board also approved the transmission System for Evacuation of Power from the Potential RE Zone in the Khavda Area of Gujarat under phase IV (7GW)- Part E4 at an estimated cost of Rs 224.41 crore, scheduled to be commissioned within 24 months from the date of intimation by CTUIL letter on July 10, 2023 -- by July 9, 2025.

(With PTI inputs)

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