Power Grid Sets Capex Target of Rs 25,000 cr for FY19 | CORPORATE ETHOS

Power Grid Sets Capex Target of Rs 25,000 cr for FY19

By: | May 4, 2018
Power grid corp

Power Grid Corporation India Ltd has set a capital expenditure target of Rs 25,000 cr as per a Memorandum of Understanding between the company and Ministry of Power.

Other targets in the MoU inter-alia include parameters related to human resources, project management, R&D and innovation and other efficiency and operational performance parameters.

POWERGRID, a Navratna CPSE and the Central Transmission Utility (CTU) of the country, has been consistently receiving highest rating i.e. “Excellent” under since signing of the first MoU in 1993-94. As on March 31, 2018, the company owns & operates over 148,800 ckt. km. of transmission lines, 236 EHV sub-stations with transformation capacity of more than 322,000 MVA. Availability of this gigantic transmission network has been consistently maintained over 99.5%.

The MoU was signed by Shri Ajay Kumar Bhalla, Secretary, Ministry of Power, Government of India and Shri I.S. Jha, CMD, POWERGRID in the presence of se  nior officials from Ministry and POWERGRID.