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Strong visibility of Power Transmission Sector is here to stay

ICICIdirect Research 20 Dec 2024 DISCLAIMER

The government is expecting investments to the tune of Rs 9.15 lakh crore in the central and state transmission systems by 2032, as part of the revised National Electricity Plan.

Under the new plan, the government plans to expand the country’s transmission network to 6.48 lakh circuit kilometers (ckm) in 2032 from 4.85 lakh circuit kilometers in 2024. During the same period the transformation capacity is envisaged to increase to 2,342 GVA (gigavolt amperes) from 1,251 GVA. Under the previous plan 2017-22, about 17,700 ckm lines and 73 GVA transformation capacity were added annually.

Nine High Voltage Direct Current (HVDC) lines of 33.25 GW capacity will be added in addition to 33.5 GW presently operating. Additionally, the plan envisages Inter-Regional transfer capacity to increase to 168 GW (gigawatt) from 119 GW.

The government has also approved 50 GW Inter-State Transmission System (ISTS) capacity and the transmission network of 335 GW is planned to evacuate 280 GW of Variable Renewable Energy (VRE) to the ISTS by 2030.

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