PowerGrid to invest around R1L cr in transmission sector

PowerGrid to invest around R1L cr in transmission sector

PowerGrid Corporation will invest close to R1 lakh crore in transmission sector projects in five years to 2024, which is likely to shoot up if the government approves the electricity storage projects in the coming years, a senior company official said.

Of the total R2,60,000 crore worth of projects likely to be approved under the National Electricity Plan for the sector, including the intra-stae transmission projects, power grid would get around R1,00,000 crore worth of projects to implement, IS Jha, chairman of Power Grid said.

The entire approved cost for the sector would entail setting up of 1,06,000 circuit km of transmission capacity, 2,92,000 MVA of transformation capacity, and 14,000 MW of high voltage direct current bi-pole lines, said Jha. Read More…

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