Power Grid to invest Rs16.03 bn on grid projects

Power Grid to invest Rs16.03 bn on grid projects
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First Published: Thu, Dec 10 2009. 10 50 AM IST
Updated: Thu, Dec 10 2009. 10 50 AM IST
Mumbai: Power Grid Corp on Thursday said that its board has approved investments worth Rs16.03 billion for various grid strengthening projects.
The central transmission utility will invest Rs12.17 billion for system strengthening project for Sasan and Mundra ultra-mega power projects, to be completed withing 32 months, it said.
Power Grid will also invest Rs2.76 billion for strengthening southern regional grid, to be completed in 28 months.
It would also invest Rs1.1 billion on system strengthening of northern region to be completed in 24 months, it added.
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First Published: Thu, Dec 10 2009. 10 50 AM IST