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PowerGrid signs MoU with Ministry of Power

Power Grid Corporation of India PowerGrid has signed memorandum of understanding for the year 2018-19 with Ministry of Power, Government of India. The MoU was signed by Mr Ajay Kumar Bhalla, Secretary, Ministry of Power, Government of India and Mr I.S. Jha, CMD, PowerGrid.

The MoU includes targets to be achieved by CTU in FY'19

The MoU includes various targets to be achieved by PowerGrid in FY 2018-19.

Capex target set at Rs.25,000 crore

Capex target for the year has been set as Rs.25,000 crore. 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.

The CTU owns & operates over 148,800 ckt. km. of transmissionlines

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

Thesynergyonline Energy Bureau

NEW DELHI, MAY 04 :

Power Grid Corporation of India (PowerGrid) has signed a memorandum of understanding (MoU) for the year 2018-19 with Ministry of Power, Government of India.

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

.

The MoU includes various targets to be achieved by POWERGRID during FY 2018-19. Capex target for the year has been set as Rs.25,000 crore. 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 MoU 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 per cent

.