Power Grid Corporation of India (PGCIL) approved investment proposals worth Rs 810 crore on June 21
Investments:
The funding allocations include Rs 117.51 crore for enhancing a facility in Madhya Pradesh, scheduled for completion within 18 months. Additionally, Rs 163.61 crore is designated to augment transformation capacity at Kurnool, with a timeline of 21 months for completion. Another Rs 104.22 crore is earmarked for upgrading a plant in Veltoor, Telangana. Finally, Rs 424.21 crore has been allocated for phase-3 of unified load dispatch and communication in the eastern region.
Joint Venture:
The board has also greenlit the formation of a joint venture with Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPNL) to develop intra-state transmission infrastructure in Rajasthan. However, this joint venture is contingent upon receiving approvals from the power ministry, DIPAM, Niti Aayog, and other relevant authorities.