NEWS CATEGORIES
Power Grid Corporation's board approves various investment approvals
Source: Capital Market, Friday, December 9th, 06:40 PM
The board of Power Grid Corporation in its meeting on 09 December 2011 has approved the investment approvals of 'Western Region System Strengthening Scheme - XIII' at an estimated cost of Rs 49.93 crore, with commissioning schedule of 21 months from the date of investment approval.
The board has approved the investment approvals of 'Transmission System for connectivity of Essar Power Gujarat' at an estimated cost of Rs 552.44 crore, with commissioning schedule of 26 months from the date of investment approval.
The board has approved the investment approvals of 'Common System associated with Coastal Energen Pvt Ltd and Ind-Barath Power (Madras) Limited LTOA Generation Projects In Tuticorin area Part-A' at an estimated cost of Rs 90.44 crore, with commissioning schedule of 28 months from the date of investment approval.
The board has granted in-principle approval for equity participation in the proposed special purpose vehicle (SPV) being created by DoT for setting up of National Optical Fibre Network (NOFN) subject to POWERGRID equity being limited presently upto 10% of the proposed paid up capital of Rs 100 crore.
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