PowerGrid board approves investments of Rs 733.32Cr

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Power Grid Corp
today said its board has approved three investment proposals worth Rs 733.32 crore for power transmission related projects.

The board accorded approval to three investment proposals totalling Rs 733.32 crore in its meeting held today, the company said in a BSE filing.

The board approved ‘provision of STATCOM at Nalagarh and Lucknow in Northern region at an estimated cost of Rs 431.89 crore with commissioning schedule of 30 months from the date of investment approval’.

It also approved investment for ‘provision series reactor in Northern region at an estimated cost of Rs 177.52 crore, with commissioning of schedule of 30 months from the date of investment approval’.

The other approval is for ‘Northern Region System Strengthening Scheme (NRSSS) XXXV at an estimated cost of Rs 123.91 crore with commissioning schedule 24 months from the date of investment approval.