Power Grid Corp said its board had approved proposals to invest Rs 1,184.45 crore in power transmission projects across India. The company’s board of directors, in its on Saturday, approved three investment proposals, Power Grid Corp said. The board approved the proposal “Augmentation of Transformation Capacity in Southern Region” at an estimated Rs 167.75 crore, with commissioning
schedule of 30 months from the date of approval. It approved investment for sub-station works associated with strengthening of transmission system beyond Vemagiri at an estimated Rs 608.24 crore, with commissioning schedule of 30 months.
It also gave a go-ahead to investment in transmission system for ultra mega solar park at Tumkur ,Karnataka – Phase-II (Part A)’ at an estimated cost of Rs 408.46 crore, with commissioning schedule of 27 months from the date of approval.
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