OREANDA-NEWS. September 21, 2011. Power Grid Corporation of India Limited (POWERGRID) recently organised its 22nd Annual General Meeting in New Delhi. On this occasion, Sh. R. N. Nayak, Chairman and Managing Director said that POWERGRID is playing a key role in Indian Power Sector through coordinated development of inter-state transmission system and National Grid. On the operational front, use of latest techniques & pro-active preventive measures ensured that the company was successful in maintaining its massive asset base with a system availability of 99.80% during FY 2010-11. Elaborating on the capex programme of the Company, he said that POWERGRID has targeted investments to the tune of approx. Rs.100,000 crore in the XII Plan, which is nearly twice of targeted capital expenditure in XI Plan. He further added that in order to create wealth for its stakeholders, POWERGRID has been putting special efforts in businesses like Telecom and Consultancy Services.