Power minister Piyush Goyal has urged Central electricity transmission utility Power Grid Corporation (PGCIL) and state transmission companies to “unlock capital” that has accrued over years in transmission assets.
“It is high time PGCIL looks at moving from an asset holding to a project implementing company,” Goyal said at a conference to launch multiple reports on the power sector.
The proposal aims at unlocking value of the existing power transmission lines to generate revenues that can be re-invested in strengthening the transmission system and other infrastructure projects.
PGCIL is IndiaÂ’s central transmission utility that owns and operates 131,728 ckm (circuit kilometre) of transmission lines and 213 substations across the country with an inter-regional capacity of over 61,000 MW.
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