Electrical Monitor
 

Rs.1 trillion capex by PGCIL

Pm News BureauFriday, June 22, 2012, 10:48 Hrs  [IST]

Central transmission utility Power Grid Corporation of India Ltd has outlined a capital expenditure plan of Rs.1 lakh crore for the XII Plan period, as against an estimated Rs.55,000 crore in the bygone XI Plan period. In FY13, the capital expenditure is estimated at Rs.20,000 crore to be financed through a 70:30 debt-equity ratio.

Apart from its core activities of power transmission, grid management, consultancy and telecom, PGCIL is also planning to explore opportunities in inter-state transmission systems, Smart Grid and EPC contracting. PGCIL expects that short-term open access transaction prices are expected to come down from the present level after the southern and western grids are interconnected. This is expected to happen by March 2014.

 
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