PowerGrid appproves investment proposals of Rs 2,731 cr

Power Grid Corporation has approved investment of Rs 2,731 crore in various projects, including setting up of a transmission system for solar park at Bhadla in Rajasthan for Rs 1,429.38 crore.
The board of the company approved as many as 11 proposals in its meeting held on July 20, PowerGrid said in a BSE filing today.
The transmission system for solar park at Bhadla in Rajasthan at an estimated cost of Rs 1,429.38 crore with commissioning schedule of 30 months form the date of investment approval is among the approved proposals.
The investment approval also include transmission system strengthening for independent power projects in Chhattisgarh and other generation projects in Western region at an estimated cost of Rs 333.17 crore with commissioning schedule progressively by March, 2019.

The company will also invest in transmission system strengthening associated with Mundra Ultra Mega Power Project (Part-B) at an estimated cost of Rs 300.94 crore, with commissioning schedule of 29 months from the date of investment approval.
The projects also include Western Region Strengthening Scheme XVI at an estimated investment cost of Rs 150.99 crore, with commissioning schedule of 24 months from the date of investment approval.