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APR 10 2012

POWERGRID signed MoU with Ministry of Power, Govt. of India for FY 2012-13

  • Economic Times, ET Bureau / Hyderabad
  • Created: Tue 10th APR 2012

Power Grid Corporation of India Ltd. (POWERGRID) has signed Memorandum of Understanding (MoU) with Ministry of Power, Govt. of India detailing various targets to be achieved by POWERGRID during FY 2012-13. The MoU has been signed by P. Uma Shankar, Secretary (Power), Government of India and Shri R.N. Nayak, Chairman & Managing Director, POWERGRID.

Physical targets set forth for POWERGRID in the MoU 2012-13 include addition of 7,240 Gigawatt-Circuit Kms. of Extra High Voltage transmission lines & 20,000 MVA of transformation capacity. Further, as a contribution towards power sector reforms, target of energisation of 1,100 villages and providing 2 Lacs connections to Below Poverty Line (BPL) households has also been set for POWERGRID under Rajeev Gandhi Grameena Vidhyutikaran Yojana (RGGVY). Special emphasis has been given to various activities under Human Resource Management, Research & Development, Corporate Social Responsibility, Sustainable Development, Compliance of Corporate Governance and DPE Guidelines, etc.

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