Summary:

The Indian government has outlined an ambitious plan to improve electricity transmission infrastructure, with Rs. 9.12 lakh crore (US$ 107.89 billion) allocated by 2032. The National Electricity Plan (Transmission) aims to increase inter-regional capacity from 119 GW to 143 GW by 2026-27 and 168 GW by 2031-32. This includes 191,474 circuit kilometers of transmission lines, 1,274 GVA of transformation capacity, and 33.25 GW of HVDC connections.

In a recent speech, Mr. Shripad Yesso Naik, Minister of State for MNRE, emphasized the importance of India's power transmission plan for stakeholders, offering growth opportunities for energy generators, equipment manufacturers, and investors. The plan covers both current and future links with neighboring nations such as Nepal, Bhutan, Myanmar, Bangladesh, and Sri Lanka. Additionally, 28 hydropower projects (13,997.5 MW) and 5 pumped storage projects (6,050 MW) are under development, with a total of 127,050 MW of renewable energy expected by October 2024.

Source: IBEF 

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