“For our financial requirement, we will go for issuance of bonds. The first one will be in October-November this year for Rs 2,500 crore and...if required, another bond issue by the end of this fiscal also for about Rs 2,500 crore,” PGCIL Chairman and Managing Director S K Chaturvedi told reporters.
The PowerGrid CMD said they had sent proposals for underground sea-link between India and Sri Lanka for transmission. “The MoUs for sea-link transmission between India and Sri Lanka are to be signed. We are also working on other over-seas projects in Dubai, Nigeria and Bhutan and are in discussion with Myanmar,” he said.
The company has already completed a power transmission project in Afghanistan, Chaturvedi said, adding “Since elections were going on there, the formal handing over of the project will be done after the new government assumes charge.”
Published 21 September 2009, 16:42 IST