Power Grid charts growth plans

Sep 15, 2010 |

Correspondent

Power Grid Corp Ltd today said it will invest `20.75 billion for phase I of its transmission systems project for Orissa power projects.The project is expected to be commissioned within 30 months, the state-owned distribution and transmission company said in a notice to the Bombay Stock Exchange.

The company will also lease out towers to telecommunication companies to mount antenna and other equipment through a tender process, the notice said. Consulting firm KPMG advised Power Grid to venture into leasing of telecom
towers on a commercial basis, it said.

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