Power Grid Greenlights Rs. 656 Crore Investment in Transmission Projects

State-owned Power Grid Corporation announced on Monday that its board has given the green light for investments totaling about Rs. 656 crore to implement electricity transmission projects across the country.

A filing with the Bombay Stock Exchange (BSE) stated, "...its Board of Directors and 'Committee of Directors on Investment on Projects in their respective meetings held on 18th February, 2024, have accorded investment approvals."

As per the filing, the Board of Directors approved the implementation of the Unified Load Dispatch and Communication (ULDC) Phase-III (SCADA/EMS Upgradation Project Northern Region SLDCs) at an estimated cost of Rs. 514.66 crore. The project is scheduled to be commissioned by November 15, 2025.

Additionally, the Committee of Directors on Investment on Projects approved the augmentation of a 765/400 kV, 1500 MVA transformer (4th) at Bhiwani, with an estimated cost of Rs. 141.09 crore. This augmentation project is set to be commissioned by May 5, 2025.

BS