KSEBOA - KSEB Officers' Association

Saturday
May 27th
Text size
  • Increase font size
  • Default font size
  • Decrease font size
Home News Power Sector News PGCIL will spend Rs 1 lakh crore for network expansion

PGCIL will spend Rs 1 lakh crore for network expansion

PDF
Hits smaller text tool iconmedium text tool iconlarger text tool icon
PGCILPower Grid Corporation of India(PGCIL), the nation's biggest electricity transmission company, said it will spend Rs 1 lakh crore ($22 billion) to more than double the size of its network as utilities build additional plants. The state-owned company plans to add 80,000 kilometers of lines in seven years compared with the current network length of about 77,000 kilometers, I S Jha, director of projects, said in an interview in New Delhi.

Power Grid, which plans to raise Rs 3,500 crore selling shares this year to fund expansion, is also building transmission lines connecting neighbouring countries. Utilities plan to nearly double generation capacity in the next seven years as the world's second fastest growing major economy builds up its infrastructure.

"Current transmission capacity is not enough to support the generation capacity and lines need to be added quickly," said Anuj Upadhyay, a Mumbai-based analyst with Wallfort Financial Services.

The company, based in Gurgaon near New Delhi, will increase spending 23% to Rs 12,900 crore in the year ending March to add 7,500 kilometers of lines, he said.

Power Grid typically borrows 70% of project costs from domestic lenders, Jha said. World Bank and Asian Development Bank also lend money, he said.

Power Grid is building a 500Mw transmission line from eastern India to Bangladesh, Jha said. The company is in talks to set up lines to Sri Lanka and Nepal and increase the capacity of an existing line from Bhutan, he said, without giving details because the plans are preliminary.

India plans to add 78,000Mw generating capacity in the five years ending March 2012 and 100,000Mw in the following five years to meet demand.

"There is all this capacity coming up and then there is huge demand," Jha said. "Power from remote areas needs to be brought to demand centers in north and west India."

Source- Bloomberg
 

Add comment


Security code
Refresh

20-conference
 

Random Videos

You need Flash player 6+ and JavaScript enabled to view this video.
Title: Power Quiz 2015 Final - Part-1

Latest Comments

Banner

Reference Book

 

Reference Book on Power

Electrical Engineering-- D' 1/4 Size Hard bound-- 1424 Pages-- Just Rs.1000/- only &n...

Visitors Counter

mod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_counter
mod_vvisit_counterToday149
mod_vvisit_counterYesterday4600
mod_vvisit_counterThis Month128979
mod_vvisit_counterLast Month152890

Online Visitors: 68
IP: 23.20.157.174
,
Time: 00 : 47 : 03