PGCIL told to do project management

pgcil-1200-kv-transformer-at-bina — *PGCIL -1200 kV transformer at Bina.*

#Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal has told #Power Grid Corporation of India Ltd (PGCIL) to grow from an Asset Holding Company to a Project Management and Implementing company.

He called PGCIL to develop a robust mechanism to unlock its capital and expand the portfolio rapidly to achieve the target to integrate 175GW Renewable Energy in the #National Grid and reach out to five crore families still without power.

India would quadruple its energy capacity over the next 15 years, said Goyal, applauding PGCIL for achieving Rs.1 lakh crore market capitalization in its progress.

He called on the company to chalk out a plan to guarantee 24×7 Power to all Telecom towers in the country.

“Not a drop of diesel would be used in any telecom tower in the country. Find a way how to achieve this”, Goyal assured at a report and portal launch event was organized by PGCIL in New Delhi on Dec 21, 2016. fii-news.com