Getco to leverage 70% of its Rs 12,500-crore transmission expansion

The state power transmission company Gujarat Energy Transmission Corporation's (Getco's) Rs 12,500-crore expansion plan will see the utility leveraging 70% of the required funds. 

Getco will arrange 70 per cent of of the expansion plan, to be invested in annual tranches of Rs 2,500 crore over the next five years, through debt, while the rest through equity, Getco Managing Director B B Chauhan told Business Standard.

The expansion plan entails adding 10,000 circuit km (ckm) of the transmission line and construction of 400 new substations by 2022, through the extension of 2,000 ckm transmission line as well as 80 new