9 High Capacity Power Transmission Corridors in 12th Plan

PTI | 07:07 PM,Jul 17,2011

Hyderabad, Jul 15 (PTI) The Power Grid Corporation of India will set up nine High Capacity Power Transmission Corridors in the country in the next five years at a tentative cost of Rs 58,000 crore, a top official of the national power carrier today said. "Implementation of these corridors will facilitate transmission of power from various projects to be set up in Orissa, Chhattisgarh, Jharkhand, Sikkim, Andhra Pradesh, Tamil Nadu and Madhya Pradesh," Power Grid Chairman and Managing Director S K Chaturvedi said. The projects will be completed during the 12th Plan beginning 2012-13, he said. Chaturvedi said the Power Grid currently has an order book of about Rs 1,20,000 crore to be executed in the next five to six years. The company will raise Rs 10,000 crore through bonds during the current financial year. So far, it has raised about Rs 2,000 crore. "We will raise the balance in about three tranches during the year," he said. He said the company is also working on another follow-on public offer in 2016-17, but declined to divulge the quantum of the FPO and fund size to be raised. He expressed concern over the delay in execution of power projects particularly ultra mega power projects (UMPPs) being developed in various parts of the country. "There are also concerns about fuel supplies including from Indonesia for the power projects," he said.