State-owned Power Grid Corp board on Wednesday approved a proposal to invest about ₹367 crore in electricity transmission projects.

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Committee of Directors on Investment on Projects' of Powergrid in its meeting held on November 22, 2023, has accorded investment approval for two projects, a BSE filing showed.

As per the filing, the first project which got the approval is an augmentation of transformation capacity by 1X1500 MVA (3rd), 765/400 KV ICT at Maheshwaram (PG) substation in Telangana at an estimated cost of ₹142.69 crore.

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It is scheduled to be commissioned within 21 months from the date of intimation by CTUIL (Central Transmission Utility) letter on July 10, 2023 -- by April 9, 2025.

The board also approved the transmission System for Evacuation of Power from the Potential RE Zone in the Khavda Area of Gujarat under phase IV (7GW)- Part E4 at an estimated cost of ₹224.41 crore, scheduled to be commissioned within 24 months from the date of intimation by CTUIL letter on July 10, 2023 -- by July 9, 2025.