Transmission major Power Grid (PGCIL) stands to capture the bulk of the transmission capex opportunity. Full details of the plan are not available yet, but Power Grid is strategically positioned to capitalise on the opportunity. The Ministry of Power has finalised the plan, with an estimated cost of ₹9.2 trillion.
The plan aims to address rising demand for electricity and facilitate the integration of renewable energy (RE) and green hydrogen into the grid. The NEP aims to meet a peak demand of 458 giga Watt (GW) by 2032 and expand the transmission network to 0.648m circuit km (ckm) by 2032 from 0.485m ckm in 2024.
The transformation capacity is likely to rise from 1,251 gross value added (GVA) to 2,342 GVA over the period. Nine high-voltage direct current (HVDC) lines with a total capacity of 33.25 GW will be added to the existing 33.5 GW.
This story is from the October 03, 2024 edition of Business Standard.
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This story is from the October 03, 2024 edition of Business Standard.
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