PGCIL is mulling over a domestic bond offer to part fund its expansion. It has chalked out a Rs 55,000 crore capex plan during the XI Plan period.
According to sources, about 76 per cent of the Rs 55,000 crore have been firmed up. This includes Rs 13,000 crore though internal resources and the rest through bilateral means. In order to close capex, PGCIL hopes to raise funds through a domestic bond offer by end-2009.
During the current fiscal, PGCIL expects to invest about Rs 11,500 crore. This will be stepped up to Rs 14,000-15,000 crore by the end of the XI Plan.
The company is likely to invest up to Rs 5,000 crore for Krishnapatnam UMPP alone and another Rs 5,000 crore for transmission for independent power producers in Andhra Pradesh.
Source : ProjectsToday
|