Power Grid Corp of India can invest concerning 185 billion rupees ($4.1 billion) in FY12

State-run transmission utility Power Grid Corp of India can invest concerning 185 billion rupees ($4.1 billion) in FY12 to enhance the country's power transmission capability, its chairman and managing director, S K Chaturvedi , told Reuters on Wednesday. Power Grid that features a market capitalisation of $10.11 billion had earmarked capital expenditure of eleven9 billion rupees within the fiscal 2010/11, whereas it plans to speculate $27 billion over Twelve 5 Year arrange commencing on 2012. It hopes to commission further transmission comes price a hundred and ten billion rupees ($2.4 billion) within the current fiscal, a jump of thirty seven.5 p.c from the year ago, he said. "This year we've done (projects) around eighty billion rupees, next year it'll be quite a hundred and ten billion rupees," Chaturvedi said during a phonephone interview. Power Grid, that carries quite four hundred billion units, or fifty one p.c of India's electricity, has seen an year-on-year increase of nine.5 p.c in its total transmission line assets in FY11, knowledge on its internet web site showed. The firm mainly earns its revenue from transmission fees from power producers, therefore a lot of the quantity of comes it commissions, would mean a lot of revenue generation capability. "(In FY12) heap several new comes are going to be capitalised ... Also, we've awarded the contracts for tower leasing, therefore revenue can begin coming back from that phase conjointly," Chaturvedi said. Power Grid's broad band telecom network of twenty,733 km connects quite 129 cities across India and it's leased a number of its towers within the states of Himachal Pradesh, Punjab and Jammu & Kashmir to Macroquil for telecom usage, he added. Power Grid can launch the second section of leasing its towers for the telecom usage in next six months, he said. The firm that has executed transmission comes or consultancy contracts in Afghanistan, Bhutan, Bangladesh, UAE, Nepal and Srilanka is eyeing a lot of consultancy contracts in different geographies. "The discussions are occurring (for the consultancy jobs) with Kenya, Nigeria and Cambodia." Power Grid has already executed comes in Nigeria. On Tuesday, Power Grid has posted thirty two p.c jump in its web profit to twenty six.97 billion rupees, on total revenue of eighty three.89 billion rupees.