New Delhi, Mar 22: State-owned Power Grid Corporation (PGCIL) said today it was working to advance the creation of cross country power grid, envisaging an investment of Rs 75,000 crore, to the year 2009.
"We are trying to prepone creation of nation wide power transmission network to 2009 from 2012," Chairman and Managing Director R P Singh said today at a seminar on 'managing liberalisation' organised jointly by CII and London School of Economics here.
He said the power transmission utility was in the process of submitting to the government a detailed proposal which would give details about efforts to hasten the establishment of network that could carry 30,000 MW of power from region to region.
The whole network would require an investment of Rs 75,000 crore of which PGCIL was in a position to pump in Rs 50,000 crore.
The existing network is being strenghtned to carry 23,000 MW of electricity by 2007, up from 8,000 MW currently. Network would address long standing problems of evacuating excess power in eastern region to other parts which are facing power shortages.
He added that Tala power transmission line, which would carry power from Bhutan to northern parts of the country, would be completed by 2006. The project is the first private-public venture in transmission field under joint execution by PGCIL and Tata Power
Bureau Report