Power Grid to invest Rs4,405 crore in Bhutan-West Bengal transmission line
21 Apr 2010
State-owned Power Grid Corporation of India Ltd (PGCIL) is investing Rs4,404.57 crore in a transmission system for importing electricity from Bhutan.
The board of directors of Power Grid Corporation, at its meeting held on 15 April, approved investment in a transmission system for development of polling sation in northern part of West Bengal and transfer of power from Bhutan to NR/WR, at an estimated cost of Rs4,404.57 crore, the company said ina filing with the Bombay Stock Exchange (BSE).
The project is tentatively scheduled for completion within 57 months from the date of investment approval, subject to CERC concurrence such that additional return on equity at the rate of 0.5 per cent is admissible commission, PGCIL said in its filing with the BSE.
Powergrid has also entered into an agreement with Karnataka Power Transmission Corporation Ltd (KPTCL) for turnkey execution of 4 units of 220 kV AIS line bays at Yelahanka 400/220 kV substation of Powergrid at an estimated project cost of Rs6.54 crore.
