Power Grid Corp approves investment worth Rs 5,548-crore

Power Grid Corp today said its Board has approved investments worth Rs 5,547.90-crore in various projects including for the inter-state electricity transmission.
Power Grid board of directors have accorded investment approvals for "implementation of green energy corridors: Inter-State Transmission Scheme-Part A at an estimated cost of Rs 1,479.30 crore, with commissioning schedule of 24 months (and) implementation of Green Energy Corridors: Inter-State Transmission Scheme-Part B at an estimated cost of Rs 3,705.61 crore," the company said in regulatory filing.
The other projects, include setting up of fibre optic communication system in western region at an estimated cost of Rs 120.72 crore and implementation of radial interconnection between India and Bangladesh.

The investment proposal has been approved for "implementation of radial interconnection between India and Bangladesh-India portion at an estimated cost of Rs 76.23 crore with commissioning schedule of 12 months
"The timeline of 12 months for implementation of the project shall be reckoned from the date of signing of BPTA with Bangladesh Power Development Board," it said.