12:37 pm - Tuesday November 10, 2015

Power Grid clears Rs 2,247 cr for Green Energy Corridor project

54 Viewed Alka Anand Singh Comments Off on Power Grid clears Rs 2,247 cr for Green Energy Corridor project
Row of hydro electric towers Quebec Canada
Row of hydro electric towers Quebec Canada

State-owned Power Grid CorporationBSE 0.04 % of India (PGCIL) today said its board has approved a Rs 2,247.37 crore investment plan for the third part of the inter-state electricity transmission project.

In a BSE filing, the company said: “The Board of Directors of the company at its meeting held on July 2, 2015, has accorded investment approval for Green Energy Corridors: Inter-State Transmission Scheme (ISTS) Part-C at an estimated cost of Rs 2,247.37 crore,

crore, respectively.

The Green Energy Corridor project is aimed at transmission of renewable energy from generation points to the load centres by creating intra-state and inter-state transmission infrastructure.

The intra-state transmission component is being implemented by respective states while PGCIL is executing the inter-state part.

The intra-state transmission component is being implemented by respective states while PGCIL is executing the inter-state part.

It seeks to address intermittency and variability aspects as well as grid integration issues of large-scale renewable energy generation.

PGCIL today fell by almost a per cent to close at Rs 139.95 on BSE.

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