Power Grid Corp of India said on Tuesday its board had on Dec. 13 approved investing 55.4 billion rupees on five projects across the country. These include an investment of 27.43 billion rupees to set up a transmission system in phase I of a generation project in Orissa with a commissioning schedule of 36 months from the date of investment approval. Power Grid will also invest 17.19 billion rupees for setting up pooling stations for independent power producer generation projects at Raigarh and Raipur in Chhattisgarh state.
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