Power Grid Corp projects capex guidance of over ₹2 lakh crore by 2032

 Power Grid Corp projects capex guidance of over ₹2 lakh crore by 2032


  • Approximately 91 percent of the projected capital expenditure will be allocated to the transmission business, with the remaining funds reserved for other ventures.

  • This capex outlay will include investments for inter-state transmission projects,  intra-state transmission projects,  cross-border business, international operations,  smart metering infrastructure and solar power projects.

  • The company has Rs  1.14 lakh crore of work in hand and it expects to complete projects worth Rs 60,000 crore to Rs 65,000 crore in the next 2.5 years, Tyagi said.

  • The company announced  a capex plan of Rs 18,000 crore for FY 2024-25 and is planning to enhance the annual capex to about Rs 20,000 crores for next two financial years.  In the first quarter, the company spent capex of Rs 4,500 crore.

  • Meanwhile, the  power transmission company is also looking to diversify into  renewable energy sectors. "We are setting up a solar generation station at Nagda (in Madhya Pradesh), a 85 Mega Watt solar park, "Tyagi said adding that the company is also exploring green hydrogen plant on pilot basis  at its  Nimrana substation.

  • Strategic Role in Power Sector Development:
    As one of the largest transmission utilities globally, POWERGRID plays a strategic role in the development of the Indian power sector. 

    Timely execution of large and critical transmission projects has resulted in the establishment of a robust National Grid which is being continuously augmented to meet the growing power transmission requirements with reliability. 

    Towards fulfilment of GoI’s target of achieving 500 GW of non-fossil fuel-based Capacity by 2030, POWERGRID has facilitated evacuation more than 110 GW of non-fossil energy capacities. 

    The current Inter-Regional power transfer capacity of the National Grid stands at about 118,740 MW of which POWERGRID owns about 99,580 of IR capacity (about 84%).



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