The board of directors of Power Grid Corporation of India Ltd (PGCIL), in a meeting on February 2, 2022, approved two investment proposals entailing capital expenditure of Rs.678.29 crore.
In a stock exchange filing, PGCIL said that investment approval worth Rs.318.12 crore has been accorded for setting up the transmission system for evacuation of power from the Pakal Dul hydropower project in the UT of Jammu & Kashmir. This transmission system is scheduled to commission by April 2025, matching with the commissioning of the 1,000-mw Pakal Dul hydropower project.
It may be mentioned that the Pakal Dul project is being implemented by Chenab Valley Power Projects Pvt Ltd – a joint venture between NHPC (equity: 51 per cent), Jammu & Kashmir State Power Development Corporation Ltd (49 per cent). This same joint venture has also been entrusted with other hydropower projects in the UT of J&K, like Kiru (624 mw), Kwar (540 mw) and Dulhasti (540 mw).
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The PGCIL board also approved investment worth Rs.359.47 crore for a transmission scheme associated with upcoming solar energy zones in Rajasthan. The project, officially termed as “Transmission System Strengthening Scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under Phase-II Part G1,” is scheduled to commission by September 2023.
According to information available with T&D India, the aforementioned transmission scheme will be built by PGCIL under the Regulated Tariff Mechanism (RTM). [See Related Story]
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