PowerGrid Corporation of India Ltd (PGCIL) will be investing around Rs Rs 20,000 crore during the 11th Five-Year Plan period to provide transmission system to four ultra mega power projects (UMPPs) of 4,000 MW each. They are Reliance Power's Sasan (Madhya Pradesh), Tilaiya (Jharkhand), Krishnapatnam (Andhra Pradesh) and Tata Power's Mundra UMPP in Gujarat. The investment will be funded through a combination of internal accruals and borrowings from multi-lateral agencies.

The above investment is a part of PGCIL's total investment of Rs 55,000 crore lined up for laying new transmission lines for various projects, including four UMPPs and others to be commissioned, in the 11th and 12th plan period. The company targets to add 37,800 MW of inter-regional transmission capacity in the 11th Plan. Its current capacity is 28,000 MW. During the January - March 2009 period, the company has approved investment of Rs.20,000 crore. The same will be awarded after 16 May 2009, when the model code of conduct for the general election will come to an end.

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PGCIL to borrow funds from World Bank, ADB (08-Apr-09)