Summary:

The Ministry of Power, led by Prime Minister Narendra Modi, has launched a $109.50 billion (Rs. 9.15 lakh crore) project to improve India's power infrastructure and enhance energy security. Union Minister Manohar Lal unveiled the National Electricity Plan 2023-2032, which aims to strengthen the transmission network to meet a projected peak demand of 458 GW by 2032. The network is expected to grow from 4.85 lakh circuit kilometers in 2024 to 6.48 lakh ckm by 2032, significantly increasing transformation capacity.

The minister approved 50 GW of Inter-State Transmission System (ISTS) capacity to evacuate 280 GW of variable renewable energy (VRE) by 2030, with 42 GW already constructed. During a recent 100-day period, 50.9 GW of transmission systems were authorized, with a total investment of $7.26 billion (Rs. 60,676 crore). These initiatives will enhance renewable electricity evacuation in states such as Gujarat, Andhra Pradesh, and Rajasthan. Additionally, 83,596 households in Particularly Vulnerable Tribal Groups (PVTG) have been electrified.

Source: IBEF

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