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Growing demand drives growth in power T&D sector

Financial Express Chandigarh

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December 23, 2024

THE POWER TRANSMISSION and distribution (T&D) sector is set for a significant growth, driven by increasing electricity demand and focused renewable energy goals.

- MAHESH PATIL

India aims to achieve 500 GW of renewable energy by 2030, almost 3x from 180 GW currently installed, marking the largest push for capital investment in power infrastructure.

However, the transition to renewable energy does not only require investment in generation capacity, but also demands an overhaul of power systems to better handle fluctuations in supply.

In light of the same, the power ministry recently introduced the National Electricity Plan (NEP) for 2023-32, a strategic roadmap for enhancing and expanding transmission systems, both at the central as well as state levels. The NEP outlines an investment of ₹9.15 lakh crore to address the growing demand.

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Banks to seek RBI’s approval for longer bulk deposits

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Toyota launches Urban Cruiser Ebella, entering India’s electric vehicle market

TOYOTA KIRLOSKAR MOTOR has rolled out the Urban Cruiser Ebella SUV, its first battery-electric vehicle (BEV) for India, with bookings now open and a price announcement expected in the coming weeks.

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Nalco readies ₹2K-cr critical minerals plan

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Silver at record highs lifts HZL

AS SILVER PRICES continue to rally, Hindustan Zinc is increasingly positioning precious metals at the heart of its growth strategy, even as it accelerates capacity expansion and long-term investments, company executives said during the miner’s third-quarter and nine-month earnings call.

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NHAI looks to prepay ₹35,000-cr debt this fiscal

THE NATIONAL HIGHWAYS Authority of India (NHAI) is planning to retire more than ₹35,000-crore debt before maturity in the current financial year, a plan which will bring down its outstanding liabilities below ₹2 lakh crore.

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