Power Grid Corporation of India Ltd. (POWERGRID) has signed a memorandum of understanding (MoU) with the Ministry of Power on Tuesday. The MoU was inked by Sanjiv Nandan Sahai, Secretary Power and K Sreekant, Chairman & Managing Director, POWERGRID in the presence of senior officials from the Ministry of Power and POWERGRID.
The MoU includes targets related to various parameters such as financial, physical, project execution, etc., to be achieved by POWERGRID during FY2020-21.
POWERGRID, a Maharatna Company and the central transmission utility (CTU) of the country, has been consistently receiving the highest rating under MoU since the signing of the first MoU for FY 1993-94. As of March 31 this year, the company owns and operates over 163,282 ckm of transmission lines, 248 EHV sub-stations with a transformation capacity of more than 409,899 MVA.