Power Grid Corporation of India (PGCIL) today said its board has given approval to investment proposals worth Rs 3,324 crore, including Rs 845 crore generation projects in Odisha and Rs 810 crore solar park in Karnataka.

“The Powergrid Board of Directors in their meeting held on April 2, 2016, have accorded approval” to several projects including investment approval for ‘substation extensions for transmission system associated with Vindhyachal V project of NTPC at an estimated cost of Rs 287.99 crore, the company said in a BSE filing. The project is scheduled to commission in June 2018. The board has also approved investment of Rs 46.57 crore in projects associated with Western Region Strengthening Scheme, Rs 47.77 crore investment in transmission system for Gadarwara STPS of NTPC and Rs 40.91 crore in transmission system for ultra mega solar park in Anantpur district in Andhra Pradesh.

http://www.business-standard.com/article/pti-stories/power-grid-board-approves-rs-3-324-cr-investment-proposals-116040401123_1.html

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