Discover how this colossal investment will supercharge inter-state and intra-state power transmission, expand renewable energy solutions, and revolutionise smart metering infrastructure.
Power Grid Corporation of India Ltd (PGCIL) has outlined ambitious plans for substantial capital expenditure in the coming years, with a projected capex of Rs 1.88 lakh crore by 2032. These investments are aimed at bolstering the nation’s power infrastructure and furthering the transition towards renewable energy sources.
A significant portion of the company’s capital allocation, approximately Rs 1.16 lakh crore, is earmarked for inter-state transmission projects, ensuring the seamless flow of electricity across the country. Additionally, Rs 37,000 crore will be allocated for intra-state transmission projects, enhancing power distribution within states. The company is also venturing into cross-border business, with an investment of Rs 10,000 crore and an allocation of Rs 7,500 crore for international operations, signifying its global aspirations.
Recognising the importance of smart metering in the modern energy landscape, the company will allocate Rs 15,000 crore towards developing intelligent metering infrastructure, a critical step towards optimising energy usage and reducing waste. The company plans to add solar power projects to its portfolio to harness renewable energy sources. Rs 1,000 crore has been set aside for these ventures, aligning with India’s commitment to clean and sustainable energy solutions.
For the ongoing fiscal year, the company has set a capital expenditure target of Rs 8,800 crore, which could potentially expand to Rs 10,000 crore due to the influx of various projects. As of September, the company had already invested Rs 4,246 crore in these initiatives, demonstrating its commitment to timely execution. The company is exploring establishing data centres, starting with a pilot project in Manesar. This initiative falls under the purview of its subsidiary, PowerGrid Tele Services Ltd. An initial investment of Rs 1,000 crore has been allocated for this endeavour, with the possibility of further increases if the Manesar pilot project proves successful. The company’s ambitious capital expenditure plans underscore its dedication to bolstering India’s power infrastructure, promoting renewable energy adoption, and embracing modern technologies to enhance the efficiency and sustainability of the nation’s energy ecosystem.