<span>Sustained growth in the demand with unprecedented investments in the transmission infrastructure resulted in narrow operational margins for power system operators across the globe. As a result, power networks are operating near to stability limits. This has demanded the electrical utilities to explore new avenues for control and protection of wide area systems. Present supervisory control and data acquisition/energy management systems (SCADA/EMS) can only facilitate steady state model of the network, whereas synchrophasor measurements with GPS time stamp from wide area can provide dynamic view of power grid that enables supervision, and protection of power network and allow the operator to take necessary control/remedial measures in the new regime of grid operations. Construction of phasor measurement unit (PMU) that provide synchrophasors for the assessment of system state is widely accepted as an essential component for the successful execution of wide area monitoring system (WAMS) applications. Commercial PMUs comes with many constraints such as cost, proprietary hardware designs and software. All these constraints have limited the deployment of PMUs at high voltage transmission systems alone. This paper addresses the issues by developing a cost-effective PMU with open-source hardware, which can be easily modified as per the requirements of the applications. The proposed device is tested with IEEE standards.</span>