Power Grid to invest $1.18B in projects

The board of Power Grid Corp of India approved investing US$1.18 billion on five projects across the country.

These include an investment of  US$6 billion to set up a transmission system in phase I of a generation project in Orissa with a commissioning schedule of 36 months from the date of investment approval.

Power Grid Corporation of India will also invest US$378 million for setting up pooling stations for independent power producer generation projects at Raigarh and Raipur in Chhattisgarh state.