Business

Power Grid to invest Rs 655.75 crore in two projects

Power Grid Corporation of India Ltd has announced that it will be investing a total of Rs 655.75 crore in two major projects. The company’s Board of Directors and Committee of Directors on Investment on Projects have given the green light for the investment in these projects, which are aimed at enhancing the country’s power infrastructure.

The first project, the Implementation of Unified Load Dispatch and Communication (ULDC) Phase-III (SCADA/EMS Upgradation Project –Northern Region SLDCs), is estimated to cost Rs 514.66 crore and is scheduled to be commissioned by November 15, 2025. The second project involves the augmentation of 765/400 kV, 1500 MVA transformer (4th) at Bhiwani S/s for the evacuation of power from RE parks in Leh (5 GW Leh-Kaithal Transmission corridor) at an estimated cost of Rs 141.09 crore, with commissioning scheduled for May 5, 2025.

These investments are crucial for the development and modernization of India’s power infrastructure, and will help in ensuring reliable and efficient power supply to various parts of the country. The projects are in line with the government’s focus on enhancing the country’s power sector and are expected to have a significant impact on the overall energy landscape in India.

The Power Grid Corporation of India Ltd’s decision to invest in these projects reflects its commitment to playing a key role in the nation’s power sector development. With these investments, the company aims to contribute to the growth and sustainability of the power infrastructure in India, and ultimately, to the country’s overall economic progress. The projects are expected to create employment opportunities and boost local economies in the areas where they are being implemented.

Overall, these investments by the Power Grid Corporation of India Ltd represent a significant step towards achieving a more robust and reliable power infrastructure in the country, and are in line with the government’s vision for a modern and efficient energy sector. The projects are expected to play a crucial role in meeting the growing energy needs of India and in ensuring a sustainable and secure energy future for the country.

IANS

IANS, established in 1986, is India's largest independent news service, offering 24x7 news from India and South Asia, and a preferred source for diverse content across six business verticals.

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