Business Standard reported that Power Grid Corporation of India Ltd has formed a jJV with Odisha Power Transmission Company Ltd to develop transmission lines in the state.
The two power transmission utilities will have equal share in the JV company,which would take up approximately INR 2,000 crore worth projects in Odisha
Mr Pradip K Jena state energy secretary and CMD of OPTCL said"The JV would ensure better power connectivity and less disruptions in power transmission within the state as PGCIL would bring in its world class expertise and technology through the JV company.It also means establishment of more grid stations and more back up facilities in case of sudden power supply failure."
He added"Within seven days we will complete the procedure of registering the JV company and will apply for transmission license from Odisha Electricity Regulatory Commission."
