PowerGrid Corp to invest 58,000 Cr on Transmission Network

Delhi: PowerGrid Corp plans to invest Rs 58,000 crore for setting up network to facilitate evacuation of electricity from power surplus states to others.

The company would execute nine high-capacity transmission corridors, which would transfer power from the hydro power projects in the North-east and thermal power projects in the Northern region to power deficient states.

The transfer of electricity would take place between Jharkhand, Chhattisgarh, Sikkim, Andhra Pradesh and Tamil Nadu.