Current Affairs Agreements

PGCIL Inks Pact With Power Ministry For Rs.25,000 Crore Capex

Category : Agreements

  State-run Power Grid Corporation of India (PGCIL) has inked a pact with the Ministry of Power to incur capital expenditure of Rs.25,000 crore for the current fiscal. The MoU includes various targets to be achieved by Powergrid during 2018-19. Other targets in the MoU inter-alia include parameters related to human resources, project management, research & development, innovation and other efficiency and operational performance parameters. The MoU was signed by Ajay Kumar Bhalla, Secretary, Ministry of Power and I S Jha, Chairman and Managing Director.
Source- The Hindu


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