Power Grid Corporation of India (PGCIL) has approved investment proposals worth Rs 3,324 crore, including Rs 845 crore generation projects in Odisha and Rs 810 crore solar park in Karnataka.

 

The company said the following, "The Powergrid Board of Directors in their meeting held on April 2, 2016, have accorded approval to several projects including investment approval for substation extensions for transmission system 

 

associated with Vindhyachal V project of NTPC at an estimated cost of Rs 287.99 crore"

 

The board has also approved investment of Rs 46.57 crore in projects associated with Western Region Strengthening Scheme, Rs 47.77 crore investment intransmission system for Gadarwara STPS of NTPC and Rs 40.91 crore in transmission 

 

system for ultra mega solar park in Anantpur district in Andhra Pradesh.

 

The board also gave investment approval for associated transmission system for Nabinagar TPS (3x660 MW) at an estimated cost of Rs 790.13 crore with commissioning schedule of 38 months progressively from date of investment approval.

 

The other proposal approved by the board include powergrid works associated with common transmission system for phase II generation projects in Odisha at an estimated cost of Rs 844.64 crore, eastern region strengthening scheme at a cost 

 

of Rs 454.11 crore and transmission system for ultra mega solar power park at Tumkur in Karnataka at an estimated cost of Rs 810.48 crore.