The board of Power Grid Corporation approves approximately Rs4,071 crore in investments

8 Mar 2023 , 08:36 AM

The board of the government-owned Electricity Grid Corporation has given the go-ahead for investments totaling approximately Rs4,071 crore in two national transmission projects.

The POWERGRID Board of Directors approved investments at their meeting on March 6, 2023, according to a BSE filing.

The transmission system for Kurnool Wind Energy Zone/ Solar Energy Zone (AP) — Part-A & Part-B — with an estimated cost of Rs3,546.94 crore and a planned completion date of November 2024 has been approved by the board.

Also, it has approved the Eastern Region Expansion Scheme-XXIX (ERES-XXIX), which will be completed by November 2025 at an estimated cost of Rs524.04 crore.

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