Board of Power Grid Corporation of India accords investment approvals

At meeting held on 11 November 2014

Power Grid Corporation of India announced that the POWERGRID Board of Directors in their meeting held on 11 November 2014 have accorded following investment approvals;

a. 'Sub-station Works associated with System Strengthening in Southern region for import of power from Eastern Region' at an estimated cost of Rs. 972.42 crore, with commissioning schedule of 36 months from the date of investment approval with best efforts matching with the transmission line being implemented under Tariff Based Competitive Basis (TBCB); and

b. 'Common Transmission Scheme associated with ISGS Projects in Nagapattinam / Cuddatore Area of Tamil Nadu - Part-A1(b)' at an estimated cost of Rs. 74.29 crore, with commissioning schedule of 30 months from the date of investment approval with best efforts matching with the transmission lines being implemented under Tariff Based Competitive Basis (TBCB).

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