City
Epaper

Centre plans to invest Rs 9.1 lakh crore for expanding electricity network

By IANS | Updated: November 28, 2024 12:20 IST

New Delhi, Nov 28 The Union Ministry of Power has drawn up plans to invest Rs 9.12 lakh ...

Open in App

New Delhi, Nov 28 The Union Ministry of Power has drawn up plans to invest Rs 9.12 lakh crore to expand power transmission infrastructure in the country by 2031-32, Minister of State for Power Shripad Yesso Naik has informed the Rajya Sabha.

According to the National Electricity Plan (Transmission), 1.91 lakh kilometres (km) of transmission lines and 1274 Giga Volt Ampere (GVA) of transformation capacity would be added (at 220 kV and above voltage level) in the 10-year period from 2022-23 to 2031-32. Additionally, 33.25 GW of High Voltage Direct Current (HVDC) bi-pole links are also planned, the minister said.

The inter-regional transmission capacity is planned to increase to 143 GW by 2026-27 and further to 168 GW by 2031-32, from the present level of 119 GW.

The plan also highlights new technology options in transmission, cross-border interconnections and private sector participation in transmission.

The Transmission Plan provides visibility to the Electricity Generators, Equipment Manufacturers, Transmission Service Providers (TSP) and investors for the growth opportunities in the Transmission Sector.

The National Electricity Plan (Transmission) also covers the existing, under implementation, and planned interconnections with neighbouring countries like Nepal, Bhutan, Myanmar, Bangladesh and Sri Lanka.

In another written reply, the minister said that at present, 28 hydroelectric projects (HEP) aggregating to 13,997.5 MW and five Pumped Storage Projects (PSPs) aggregating to 6,050 MW are under construction in the country.

Detailed project reports of 28 HEPs aggregating to 19,460 MW and four PSPs aggregating to 4,100 MW have been approved by the Central Electricity Authority.

He stated that as many as 11 HEPs aggregating to 8,036 MW and 44 PSPs aggregating to 60,050 MW are under Survey & Investigation (S&I).

At present, 29,200 MW of coal-based capacity is under construction, 18400 MW of capacity has been awarded and 47,240 MW of candidate capacity is under consideration, he added. The minister further informed that as of October 31, a total of 1,27,050 MW of renewable energy capacity is under implementation while 89,690 MW is under the bidding process.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

TechnologyMarket valuation of six top 10 firms jumps by Rs 1.18 lakh crore this week

EntertainmentInside Hrithik Roshan and Saba Azad’s lunch date in US

BusinessMarket valuation of six top 10 firms jumps by Rs 1.18 lakh crore this week

NationalMarket valuation of six top 10 firms jumps by Rs 1.18 lakh crore this week

EntertainmentPenn Badgley remembers 'Gossip Girl' late co-star Michelle Trachtenberg at 'You' Season 5 premiere

Business Realted Stories

BusinessPolicy continuity-stability, thrust on infra, demographic dividend among factors that will further India's growth story: RBI Governor

BusinessAther Energy IPO: GMP slips ahead of subscription opening as revenue stagnant

BusinessIndia's forex reserve rises for 7th week, gradually climbing towards all-time high

BusinessCII floats 5-point plan to cut pendency of court cases

BusinessIndian traders to stop trade with Pakistan, decision taken by industry body CAIT