Power Grid Corporation of India Ltd., a public sector undertaking that transmits about 50% of generated power, is further updating its capacity to meet the growing needs of industry.
The energy transmission utility intends to invest Rs 110,000 crore to build transmission lines and install transformers to evacuate power as more power plants are getting ready for commissioning.
In a recent interview with The Hindu, Power Grid Chairman and Managing Director, R. N. Nayak, stated that the transmission sector would continue to grow around 25 % every year. He added that the company would look into using more opportunities to establish its presence in the overseas market.
According to Nayak, the company spent more than Rs 20,000 crore on projects in the last financial year. This year, they are spending Rs 22,000 crore and the balance will be invested in the XII Plan along with additional Rs 110,000 crore. Nayak said that there was a plan to build power generation capacity of 87,000 MW in the XI Plan out of which 55,000 MW could come up.
â€śOur inter-State transmission systems are on schedule. With regards to the generation plan, the evacuation system is currentaly being built. The moment the generation capacity is ready, there will be no delay in power evacuation,â€ś said Nayak.
Source: The Hindu