Prime Minister Narendra Modi’s vision of a 5 trillion-dollar economy will require an estimated investment of Rs 5 lakh crore in the transmission sector over the next few years, industry body Confederation of India Industry said in a statement today.
India will be consuming 1.8 trillion units by 2025 as India’s growth trajectory accelerates, and this requires large investments in the transmission sector, particularly at the state level.
“The transmission sector has seen a fall in the investments to below 1.8 lakh crore in the last five years but this will need to see a significant jump as 500 GW of renewable energy is added to the grid by 2030,” CII said.
The chamber has worked on a white paper “New Age Power Systems: For 21st Century India Challenges, Solutions and Opportunities” with a view to partner with the government in developing a blueprint for efficient transmission system.
The 8-point agenda drawn up for a robust transmission system includes recommendations on planning, operations and costs. Read More
Latest posts by ET Energy World (see all)
- West Bengal government seeks clarity on rules for world’s second largest coal block - August 23, 2019
- 13 UP districts to get 650 electric buses - August 23, 2019
- Solar power: India appeals against certain parts of rulings by WTO dispute panel - August 23, 2019