Transmission utility Power Grid Corporation of India (PGCIL) on Thursday expressed its desire to set up a joint venture with the UP Power Transmission Corporation for strengthening the transmission system in the state.
The Chairman and Managing Director of the PGCIL, R N Nayak who met the new Chief Minister of UP, Akhilesh Yadav proposed setting up of a joint venture with the state in order to improve investments for strengthening the transmission system, an official release issued here said.
The Chief Minister has sought a detailed proposal in this regard and assured that after receiving it, the state would take a decision within 15 days.
The officials of the PGCIL also proposed developing selected cities of the state as smart grid\smart city for strengthening the transmission system in a phased manner.
On this, the Chief Minister proposed taking Firozabad, world famous for its glass bangles industry, in the first phase and developing it as model smart city, the release said.
Yadav asked for a detailed proposal in this regard within 45 days so that the government could take a decision on it at the earliest. The Chief Minister assured the PGCIL officials that his government would extend all possible co-operation for the timely implementation of all the company's proposals, the release added.