PGCIL executives say the transmission sector would see Rs 2.6 lakh crore of investment by 2022, with close to 106,000 circuit km of transmission lines and 292,000 MVA of transformational capacity.

June 15, 2017

Power Grid Corporation of India (PGCIL) is placing a bet on turnaround of the distribution sector and prospective demand from states. “In intra-state transmission, Rs 1.5 lakh crore worth of work is expected. The positive impact of UDAY (the scheme for the distribution sector) and the Centre’s various reform programmes in states would kick-start investment in sub-transmission and distribution,” the government-owned company said in a presentation to its investors after the March quarter results.

PGCIL executives say the transmission sector would see Rs 2.6 lakh crore of investment by 2022, with close to 106,000 circuit km of transmission lines and 292,000 MVA of transformational capacity (of substations). If the envisaged Rs 2.6 lakh crore, Rs 1 lakh crore would be invested by PGCIL and the rest awarded to private entities through ‘tariff based competitive bidding (TBCB).

For the coming three years, PGCIL would cumulatively invest Rs 91,000 crore in several projects, said its executives. It has ongoing projects of Rs 1.05 lakh crore and Rs 25,000 crore in the pipeline. The projected investment includes the Green Corridors project, the ambitious alternate transmission network for renewable energy.

PGCIL currently operates close to 140,00 circuit km of transmission lines and 220 substations with transformation capacity of 292,000 MVA.