The Indian government is considering various incentive options, including a production-linked incentive (PLI) scheme, to localise equipment for the power transmission sector, according to Union Power Secretary Pankaj Agarwal. Speaking at a Central Electricity Authority (CEA) event, Agarwal encouraged industry stakeholders to explore ways to localise the supply chain for transmission equipment.
At the same event, Union Power Minister M L Khattar launched the National Electricity Plan (Transmission), which proposes adding over 1,91,000 ckm of transmission lines and 1,270 GVA of transformation capacity between 2022-23 and 2031-32. Additionally, 33 GW of HVDC bi-pole links are planned, and the inter-regional transmission capacity is set to increase from 119 GW to 143 GW by 2027 and to 168 GW by 2032.
The plan also includes cross-border interconnections with countries such as Nepal, Bhutan, Bangladesh, and potential links with Saudi Arabia and the UAE. The power ministry estimates an investment opportunity of over Rs 9.15 trillion in the transmission sector by 2032.