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Ccea Approves Asset Monetization By Power Grid Worth Rs 7000 Crore | Business Standard News

by business-standard.com posted 2weeks ago 30 views
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, in a path breaking reform, has approved monetisation of assets of POWERGRID, a Public Sector Undertaking (PSU) under Ministry of Power, through Infrastructure Investment Trust (InvIT) model. This is the first time any PSU in Power Sector will undertake asset recycling by monetising its assets through the InvIT model and using the proceeds to fund the new and under-construction capital projects. This approval would help POWERGRID to monetise in the first lot, assets with gross block value of more than 7000 crore.

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