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Sunday, February 12, 2012

Power Grid to invest $1.25 billion in various projects
17 Mar 2010, 17-1 Hrs

State-run Power Grid Corp Wednesday said it will invest Rs.5,777 crore ($1.27 billion) in various projects, covering Uttar Pradesh and Tamil Nadu.

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New Delhi, March 17 (IANS) State-run Power Grid Corp Wednesday said it will invest Rs.5,777 crore ($1.27 billion) in various projects, covering Uttar Pradesh and Tamil Nadu.

The company is investing Rs.4672.99 crore ($1.03 billion) in the transmission system of 1,000 MW Rihand super thermal power project in Sonbhadra district of Uttar Pradesh and another project at Vindhyachal in the same state, according to a statement.

Power Grid will also pump in Rs.965.58 crore ($215 million) in the northern regional transmission strengthening scheme and Rs.138.58 crore ($30 million) towards the 500 MW prototype fast breeder reactor at Kalpakkam in Chennai, the company statement said.