Power Grid Corporation of India (POWERGRID) has signed Memorandum of Understanding (MoU) with Uttar Pradesh Power Corporation (UPPCL) for energy efficiency and agricultural demand side management programme. POWERGRID and UPPCL are going to held further discussions to decide terms and conditions for replacement of agriculture pump sets in East and South DISCOMs of Uttar Pradesh. POWERGRID is contemplating investment of about Rs 2,200 to 2,500 crore in these projects, subject to necessary clearances.
Power Grid Corporation of India (POWERGRID)
POWERGRID is Navaratna Central Public Sector Enterprise (CPSE). It is central transmission utility (CTU) of India. It is India’s largest electric power transmission utility, transmitting about 50% of total power generated in India on its transmission network. It is listed company since 2007. It is headquartered in Gurugram, Haryana. Government owns 56.91% of POWERGRID and balance 43.09% is owned by public. It operates 90% of inter-state and inter-regional networks.