Power Grid board approves Rs 1,900 crore investment


Power Grid Corporation said its board has approved investment of over Rs 1,900 crore for expansion and upgradation works by the middle of 2016Central transmission utility Power Grid Corporation today said its board has approved investment of over Rs 1,900 crore for expansion and upgradation works by the middle of 2016.

The board in its meeting earlier this month approved Rs 908.08 crore and Rs 539.82 crore for two transmission system strengthening schemes in the northern region, Power Grid said in a stock exchange filing.

The expansion and upgradation of load despatch centres for Rs 56.18 crore was also approved by the Board.

Sub-station work for an NTPC power plant worth Rs 167.40 crore and system strengthening programme for the southern region for Rs 243.53 crore also received the approval from the Board, the filing said.
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SOURCE: http://economictimes.indiatimes.com/

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