Power Grid may form joint ventures with states for transmission projects – Feedback

Power Grid Corporation of India is looking to participate in intra-state projects, a deviation from its traditional role as the central power transmission utility that has been prompted by the reforms in state-run power distribution companies.

The firm plans to expand its consultancy services in states but it is more keen to participate in projects as a joint venture partner to different states and even take up projects on ownership basis as a developer, chairman IS Jha told ET. “The states are coming up with projects worth Rs 1,50,000 crore of intrastate transmission lines, which is a good opportunity for us and we have offered them to execute projects on their behalf,” Jha said. “We are targeting to have projects worth Rs 15,000- 20,000 crore in states over the next two-three years,” he said.

http://economictimes.indiatimes.com/industry/energy/power/power-grid-may-form-joint-ventures-with-states-for-transmission-projects/articleshow/53747469.cms

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