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Power Grid nod for fund plans of new projects

Infrastructure Finance
May 1, 2015May 1, 2015
Power Grid nod for fund plans of new projects
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State-run Power Grid Corporation of India Limited recently said its board has approved six new investment plans worth Rs 5,500 crore. In a meeting held on April 17, the Board of Directors gave investment approvals to two projects involving implementation of two green energy corridors, three communication investment projects and implementation of interconnection between India and Bangladesh. The two green energy corridor projects are likely to cost Rs 1,479 crore and Rs 3,705 crore and would be completed in 24 and 36 months, respectively.

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