PowerGrid board approves investments of Rs 733.32 cr
The Dollar Business Bureau The Power Grid Corp on Friday said it has approved three investment proposals for power transmission related projects worth Rs.733.32 crore. “The board accorded approval to three investment proposals totalling Rs 733.32 crore in its meeting held today,” the company said in an announcement. The board approved 'provision of STATCOM at Nalagarh and Lucknow in Northern region’ at an approximate cost of Rs 431.89 crore. These projects have a commissioning schedule of 30 months from the date of investment approval'. It has also given a nod to invest in provision series reactor in the Northern region. The project is estimated to cost Rs.177.52 crore, with commissioning schedule of 30 months from the date of investment'. “The other approval is for the 'Northern Region System Strengthening ...
New pact to ensure efficient power management in India
The Dollar Business Bureau In a move to ensure an efficient management of power and increase the efficiency of Indian power sector, a Memorandum of Understanding (MoU) has been signed between two key departments. The MoU signed between Earth System Science Organization, India Meteorological Department (ESSO-IMD), of the Ministry of Earth Sciences and the Power System Operation Corporation Ltd; (POSOCO), a wholly owned subsidiary of Power Grid Corporation of India Ltd, will facilitate ways for better management of power in the country through an optimum use of weather information or weather forecast in the power sector, said an official release. Under the MoU, the weather forecast information provided by the ESSO-MID shall be used by all the Power System Operators ...
