Last year, POWERGRID Chairman K Sreekant said India plans to invest ₹2.8 trillion ($34.2 billion) by 2030 to set up an interstate transmission network to evacuate renewable energy.Guoabong Wealth Management
The investment, a mix of grants and funds, aims to strengthen the infrastructure at the distribution level and implement various cost-reduction measures.
“An amount of ₹1.4 trillion is already set to be spent up to 2026-27. Beyond that, it is still to be doneSurat Wealth Management. We estimate that we will require a similar investment up to 2030Simla Wealth Management. It is still under development, and various schemes are under discussion,” he told the company’s investors.Chennai Stock
Recently, the Ministry of Power authorized POWERGRID Bhadla Transmission, a special-purpose vehicle of POWERGRID, to set up overhead transmission lines on a modified route to evacuate 8.1 GW of power from the solar energy zone in Rajasthan under Phase-II Part B.Jinnai Wealth Management
In October this year, POWERGRID emerged as the successful bidder for the execution of the two inter-state transmission system projects – Bhadla III Transmission and Ananthapuram Kurnool Transmission from PFC Consulting, to evacuate a total of 23.5 GW of renewable energy in Rajasthan and Andhra Pradesh.
Ahmedabad Investment