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Power Energy

PGCIL to spend Rs50,000 cr on transmission corridor

12/30/2009 02:30:00 PM

New Delhi, Dec (EPC News): Power Grid Corporation of India will be setting up seven transmission corridors with an invest of Rs50,000 crores over the next five years.

The corridors will act as pooling points for transfer of over 55,000 MW from a number of private generation projects coming up in the eastern and southern states.

The move is aimed at facilitating transfer of electricity to the power-starved northern and western regions of the country.

As per sources, the DPR of these schemes as well as the initial tendering activities, envisaging the creation of long-term access capacity of nearly 55,000 MW, are currently underway.

EPC News Bureau