1. Home
  2. >

Built to inform

Sign up for the daily newsletters

No, Thank you

PowerGrid to raise Rs3,000 crore via bond sale

MEP

Central transmission utility PowerGrid plans to raise Rs 3,000 crore through the issue of bonds by January next year. This was stated by the company’s director finance, J Sridharan on the sidelines of an event in the capital. PowerGrid is also seeking loans to the tune of Rs8,750 crore from the World Bank and the Asian Development Bank to fund upcoming transmission projects in the country.
The company had earlier said that it has sent a proposal to the Ministry of Finance through the Power Ministry to negotiate with the multilateral lending agencies. The company plans to invest Rs55,000 crore to set up transmission lines in the country during the current Five Year Plan (2007-12).
PowerGrid plans to augment its transmission capacity to 23,400 MW in the current fiscal (2009-10) from the existing 19,800 MW and enhance it to 37,000 MW within the Plan period.
 

Most Popular

Awards

Olympia Group announces to build up 1.1mn sq-ft greenfield it park in Guindy
The project will have a total investment of about Rs 750 crore

Conferences

Vital pre-monsoon building works resume in Maharashtra
The state government has permitted pre-monsoon work by BMC and other agencies

Latest Issue

June 2020
10 Jun 2020