PowerGrid board okays investment of Rs. 2.5K cr for transmission project in Rajasthan.

State-run Power Grid Corporation recently said the company's board has approved an investment of Rs. 2,578.47 crore for an electricity transmission project for a solar energy zone in Rajasthan.

The board of directors in their meeting held on August 27, 2019 has accorded investment approval for transmission system for solar energy zones in Rajasthan at an estimated cost of Rs. 2,578.47 crore with commissioning schedule as December 2020, a BSE filing said.

The board has also given its approval for appointment of K S R Murty as chief financial officer (CFO) of the company from August 27, 2019, a separate BSE filing said.

BS