In an interaction, DC Bagde, Managing Director, Transrail Lighting (Transrail) told INFRASTRUCTURE TODAY that the transmission and distribution segment (T&D) is likely to attract an investment of at least USD 50 billion. It's a shot in the arm for the country's T&D network, but it will not be enough.
Amidst the chaos seen in the power sector, with 22,000 MW thermal power projects lying idle for the need of coal or gas and lenders taking power generating assets to National Company Law Tribunal (NCLT) to recover dues, the transmission sector- with longer life cycle and lower risks- has exhibited the only ray of hope for investors and developers alike.
Power Grid Corporation of India Limited (PGCIL) has evinced interest in investing in power transmission lines in Telangana. Â“PGCIL has expressed its interest to invest in the transmission projects in the state. The Chief Minister wanted officials from the state electricity department and PGCIL to hold talks in this regard,Â” a release issued by Telangana Chief Minister K Chandrasekhar RaoÂ’s office said.
The Ministry of Power has signed an MoU for Ujwal DISCOM Assurance Yojana (UDAY) with Tamil Nadu in New Delhi, on 9 January, 2017. With the signing of the Â‘24x7 Power For All (PFA)Â’ roadmap document with the state, the roadmap for all the 28 states, except one, and all the seven Union Territories in the country has now been finalised and is under implementation.
Union Minister of State for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal, has launched Â‘Coal MitraÂ’, a Web portal for flexibility in utilisation of domestic coal. He also released reports on Â‘Renewable Energy Integration: Transmission an EnablerÂ’, Â‘Green Energy Corridor IIÂ’ and Â‘Electricity Demand Pattern AnalysisÂ’.
Madhya Pradesh has readied its blueprint for the Rs.4000 crore worth Green Energy Corridor project spearheaded by Power Grid Corporation (PGCIL), as next the five years would add another 6,000 MW of renewable energy projects in its installed capacity.