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 various targets to be achieved by PowerGrid in 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.
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