POWERGRID approves investments of over Rs 40 billion

Power Grid Corporation of India Limited (POWERGRID) has accorded investment approval of Rs 40.71 billion.

It has accorded investment approval of Rs 5.24 billion for Eastern Region Expansion Scheme-XXIX, and Rs 35.47 billion for the Transmission system for Kurnool Wind Energy Zone/ Solar Energy Zone – Part A and Part B. The former is scheduled to be commissioned by November 2025 while the latter is scheduled to be commissioned by November 2024.