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Required Transmission Investments of Rs 5 lakh crore to meet energy needs of a 5 trillion-dollar economy: CII

Capital Market 

Prime Minister Narendra Modi's vision of a 5 trillion-dollar economy will require an estimated investment of Rs 5 lakh crore in the transmission sector over the next few years. As per estimates, India will be consuming 1.8 trillion units by 2025 as India's growth trajectory accelerates, and this requires large investments in the transmission sector, particularly at the state level. The transmission sector has seen a fall in the investments to below 1.8 lakh crore in the last five years but this will need to see a significant jump as 500 GW of renewable energy is added to the grid by 2030.

The Confederation of Indian Industry (CII) has worked on a white paper New Age Power Systems: For 21st Century India Challenges, Solutions and Opportunities with a view to partner with the government in developing a blueprint for efficient transmission system. The 8-point agenda drawn up for a robust transmission system includes recommendations on planning, operations, costs to name a few. The report seeks to draw up a blueprint for country' vision on power for all and electric mobility which is a stated goal of the GoI.

There is a need to recalibrate our power systems in line with the changing energy scenario. With more than 90 per cent of the capacity addition in the renewable sector, there is a need to make transmission grids more suited to handle the intermittent power while adhering to the challenges of urbanization and paucity of land, Mr Rajiv Ranjan Mishra Co-Chairman of CII National Committee of Power and Managing Director, CLP India said while speaking at a media briefing soon after the report was released.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, July 19 2019. 09:09 IST