The government is looking at an investment of around $50 billion (around Rs 3.3 lakh crore) in the transmission segment in the next five years. Piyush Goyal, Union Power Minister, said, Â´In the next six months, at least 12-13 transmission lines are being bid out worth $16 billion. Hopefully, in the next five years, we are looking at an investment of nearly $50 billion.
The Union government plans to spend Rs 43,000-crore on Â‘green energy corridorÂ’ project to facilitate flow of renewable energy into the national grid. Germany is to assist India in the project with Â€ one billion as soft credit.