India to invest over Rs 9 trillion in power transmission by 2032

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India to invest over Rs 9 trillion in power transmission by 2032

India to invest over Rs 9 trillion in power transmission by 2032

Industry News
Dec 02,24

Inter-regional transmission capacity is expected to rise from the current 119 GW to 143 GW by 2026-27 and further to 168 GW by 2031-32

India to invest over Rs 9 trillion in power transmission by 2032

The Indian government has outlined plans to invest Rs 9.12 trillion in upgrading the country's power transmission infrastructure by 2032, Union Minister Shripad Yesso Naik informed the Rajya Sabha.

As part of the National Electricity Plan (Transmission) covering 2022-2032, the government aims to add 1,91,474 circuit kilometers (ckm) of transmission lines and 1,274 Giga Volt Ampere (GVA) of transformation capacity at voltage levels of 220 kV and above. Additionally, 33.25 GW of High Voltage Direct Current (HVDC) bi-pole links are planned.

Inter-regional transmission capacity is expected to rise from the current 119 GW to 143 GW by 2026-27 and further to 168 GW by 2031-32. The plan emphasises adopting advanced technologies, fostering cross-border interconnections, and encouraging private sector participation.

The initiative provides growth visibility to electricity generators, equipment manufacturers, transmission service providers, and investors in the sector. It also includes ongoing and planned interconnections with neighbouring countries such as Nepal, Bhutan, Myanmar, Bangladesh, and Sri Lanka.

Minister Naik also highlighted progress in other energy sectors. Currently, 28 hydroelectric projects (13,997.5 MW) and five pumped storage projects (6,050 MW) are under construction. Detailed project reports have been approved for 28 additional hydroelectric projects (19,460 MW) and four pumped storage projects (4,100 MW).

India is also advancing coal-based energy with 29,200 MW under construction, 18,400 MW awarded, and 47,240 MW under consideration. In the nuclear sector, 7,300 MW is under construction, with another 7,000 MW approved.

In renewable energy, as of October 31, 2024, 1,27,050 MW of capacity is under implementation, while 89,690 MW is at the bidding stage. This comprehensive development strategy highlights India’s commitment to bolstering its energy infrastructure and capacity across diverse sources.

(Business Standard)