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POWERGRID bags consultancy projects from PSEB worth Rs.1,033 Crore

New Delhi, May 29, 2009

Power transmission major Power Grid Corporation of India Ltd. (POWERGRID), a Govt. of India Enterprise, has signed a bi-lateral agreement with Punjab State Electricity Board (PSEB) for turnkey execution of 400 ckt. kms of 400kV D/C transmission lines and four 400kV/220kV substations at an estimated cost of Rs. 1033 Crore to be completed in phases from October 2011 to February 2012.

The agreement was signed by H.L. Tayal, ED (Business Development), POWERGRID and S.C. Sabharwal, Member (Transmission) of PSEB in the presence of S. K. Chaturvedi, CMD, POWERGRID, Directors of the company and senior officials of PSEB.

As per the agreement, POWERGRID will execute three 400kV/220kV substations at Muktsar, Makhu, Nakodar and another 2x500/3x315MVA sub-station at Dhuri for evacuation of Power from PSEB’s Talwandi Sabo Thermal Power Station. This would be the first 400kV system of PSEB. POWERGRID’s Scope of Work includes design, engineering, tendering, evaluation, procurement, supervision of erection, project management and testing & commissioning of the Project.

This is one of the largest consultancy assignments of this nature bagged by POWERGRID from Punjab State Electricity Board. POWERGRID is likely to sign another agreement with PSEB under phase-II for turnkey execution of Transmission System for evacuation of power from Rajpura Thermal Power Station of PSEB.

POWERGRID is one of the largest transmission utilities in the world which owns and operates about 71,500 Ckt Kms of transmission lines upto 800/765 kV (EHVAC & HVDC) and 120 sub-stations with transformation capacity of about 79,500 MVA. The annual revenue of POWERGRID through Consultancy Assignments has grown from Rs. 128 Crores to Rs. 235 Crores during last five years.

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