India to invest Rs 9.12 trillion in power transmission infrastructure by 2032
Author: PPD Team Date: November 29, 2024
Author: PPD Team Date: November 29, 2024
India plans to invest Rs 9.12 trillion to enhance its power transmission infrastructure by 2032, as detailed in the National Electricity Plan (Transmission) presented by Union Minister Shripad Yesso Naik in the Rajya Sabha.
The plan covers the addition of 1,91,474 circuit kilometers (ckm) of transmission lines and 1,274 Giga Volt Ampere (GVA) of transformation capacity at 220 kV and above voltage levels between 2022-23 and 2031-32.
The plan emphasizes integrating 33.25 GW of High Voltage Direct Current (HVDC) bi-pole links to strengthen long-distance power transmission.
The inter-regional transmission capacity will increase from the current 119 GW to 143 GW by 2026-27 and 168 GW by 2031-32, enhancing the grid’s flexibility and reliability.
To drive innovation, the plan includes adopting advanced technologies, fostering private sector participation, and enabling cross-border power interconnections. The estimated expenditure for these projects is Rs 9,161.42 billion.
The government is also advancing hydroelectric capacity, with 28 hydroelectric projects (HEPs) totaling 13,997.5 MW and five pumped storage projects (PSPs) with a combined capacity of 6,050 MW under construction.
Additionally, detailed project reports for 28 more HEPs (19,460 MW) and four PSPs (4,100 MW) have been approved by the Central Electricity Authority (CEA).
Author: PPD Team Date: June 13, 2025 Sugs Lloyd Ltd has secured power transmission and distribution (T&D) contracts worth Rs 74.35 crore across Bihar and Odisha. In Bihar, the company received two key projects from North Bihar Power Distribution Company Limited (NBPDCL). The main contract covers turnkey development of five new 33/11 kV substations with associated transmission lines in Kishanganj district. This project aims to improve power reliability for thousands of consumers. A separate contract…
Author: PPD Team Date: December 26, 2024 India’s solar module manufacturing industry is poised for significant growth over the next five years, driven by domestic demand projected at 50-55 gigawatts (GW) annually from FY24 to FY30, according to a report by CRISIL. This growth will lead to oversupply, creating export opportunities starting from FY25. In FY24, India exported about seven GW of solar modules, which accounted for 50% of domestic production. However, by FY30, exports…
Author: PPD Team Date: January 20, 2025 Indian Renewable Energy Development Agency Limited (IREDA) posted a net profit of Rs 4.25 billion for the quarter ending December 2024, a 26.48% rise compared to Rs 3.36 billion in the same quarter last year. The company’s revenue from operations increased by 35.59% to Rs 16.99 billion during the quarter, up from Rs 12.53 billion reported in the corresponding period of 2023.
Author: PPD Team Date: September 29, 2025 Waaree Energies Limited has announced that its wholly owned subsidiary, Waaree Power Private Limited (WPPL), has signed a definitive share subscription and shareholders’ agreement to acquire a 76 per cent stake in Racemosa Energy (India) Private Limited. The aggregate consideration for the transaction is approximately Rs 53 crore. The company stated that the acquisition, disclosed earlier on September 18, 2025, is subject to the fulfilment of conditions precedent….
Author: PPD Team Date: February 11, 2025 China’s National Development and Reform Commission (NDRC), along with the nation’s energy administration, is taking steps to roll back subsidies for renewable energy projects, according to Reuters. In 2024, China saw a record-breaking 45% rise in solar installations, reaching nearly 887GW of installed solar capacity—six times the size of the United States’ solar power capacity, as per the International Renewable Energy Agency. This rapid growth has enabled China…
Author: PPD Team Date: October 30, 2024 Skipper Ltd announced its highest-ever closing order book of Rs 65.9 billion, with 85% from domestic orders and 15% from exports. The company recorded an order inflow of Rs 16.6 billion in Q2 FY25 (July to September 2024), with key domestic contracts from Power Grid Corporation of India Ltd (PGCIL) and state electricity boards. Export orders primarily came from North and South America. Year-to-date order inflows from April…