PGCIL to invest Rs 22.20 bn in power transmission network

27 May 2021 CW Team

On 21 May 2021, Power Grid Corporation of India Ltd (PGCIL) noted that its board approved an investment to the tune of Rs 22.20 billion for commissioning several power transmission projects.

The state-owned power transmission company notified in a BSE filing that in the meetings held by PGCIL's Board of Directors and Committee of Directors on Investment on Projects, the decision to approve the outlay was taken.

The investment for the transmission system strengthening programme for evacuating power from solar energy zones has been approved by the Board of Directors in Rajasthan at an estimated cost of Rs 11.849 billion under Phase-II – Part-B1.

PGCIL had acquired two power transmission projects in February 2021 in Rajasthan through tariff-based competitive bidding. These projects have been built to evacuate 8.1 GW of power from solar energy areas in the state.

The company had achieved both the projects on a build, own, operate, and maintain basis. The power transmission company had also bagged three other power transmission projects in Rajasthan through competitive bidding.

The project would be commissioned in a phased manner, beginning with Part A by December 2021, Part B by March 2022, Part C by June of next year, Part D by Aug 2022, and the final portion by Sept 2022.

At an estimated cost of Rs 5.746 billion, the Board has also accepted the North Eastern Region Strengthening Programme-XII to be commissioned progressively by March 2023.

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