Powergrid grants approval for investment worth Rs 22.02 billion for projects

Power Grid Corporation of India Limited (Powergrid) has granted approval for investment worth Rs 22.02 billion on projects in their respective meetings held on May 21, 2021.

The projects for which investment approval has been accorded by the board of directors include  Transmission System Strengthening Scheme for evacuation of Power from Solar Energy Zones in Rajasthan (8.1 GW) under Phase-II – Part-B1 at an estimated cost of Rs 11,848.8 million to be commissioned in a phased manner as Part-A, Part B, Part C, Part D and Part E by December 2021, March 2022, June 2022, August 2022 and Sept 2022 respectively; and the North Eastern Region Strengthening Scheme-XII (NERSS-XII) at an estimated cost of Rs 5,764.2 million to be commissioned progressively by March 2023. ,Other investment approvals include – capital expenditure for procurement of telecom equipment for building an exclusive dedicated telecom network for National Transmission Asset Management Centre (NTAMC) at an estimated cost of Rs 1,172.9 million with commissioning schedule of 12 months from the date of award; Transmission System for Power Evacuation from Arun-3 (900 MW) Hydro Electric Plant (HEP), Nepal at an estimated cost of Rs 1,792.9 million scheduled to be commissioned progressively by April, 2023; and approval for equity investment to pay off the state contribution of 5 per cent project cost to union territories of Jammu & Kashmir and Ladakh, and expenditure towards procurement of spares for 220 kV Srinagar-Leh Transmission System at an estimated cost of Rs 1,444.2 million with completion schedule of 18 months progressively from the date of investment approval.

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