Power Grid Corporation of India (PGCIL) today said it would invest Rs 1,366.34 crore on setting up transmission system for power projects in Madhya Pradesh and Chhattisgarh.
The central transmission utility's board of directors approved the investment plan in its meeting held on August 26, the company said in a regulatory filing.
The commissioning schedule is 27 months from the date of investment approval.
The entity had 80 transmission projects in various stages of implementation at the end of March 31, 2011.
According to the firm's website, these projects involve approximately 45,000 circuit kilometres of transmission lines and 74 substations with a total power transformation capacity of about 116,500 MVA.
