Powergrid approves investment proposals worth ₹ 52 billion

PowerGrid Corporation of India (PGCIL) recently approved investments proposals worth around Rs 5.52 billion. Based on June 2021 price level, these investment proposals include capital expenditure for procurement of telecom equipment and associated power system for augmentation of telecom backbone and access network with an estimated cost of Rs 4.3 billion. The company also approved the proposal for a regional system strengthening scheme to mitigate the overloading of 400 kV NP Kunta-Kolar SIC line at an estimated cost of Rs 1.23 billion including IDC of Rs 33.9 million based scheduled to be commissioned by October 2022. For development of transmission project in Kenya, Powergrid also approved signing of “Joint Development Agreement” with Africa50.

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