Power Grid Corp Approves Rs 119.95 Cr Investment in Transmission Project
In a significant development in the power transmission sector, the board of Power Grid Corporation of India Limited (POWERGRID) has given its green signal to invest Rs 119.95 crore in a transmission project.
This strategic decision underscores the company’s commitment to strengthening India’s power infrastructure, ensuring reliable electricity supply, and fostering economic growth.
The approved transmission project is a part of POWERGRID’s continuous efforts to expand and modernize India’s power transmission network.
The Eastern Region Expansion Scheme-XXXVII (ERES-XXXVII) power transmission project would get an investment of Rs 119.95 crore, according to the state-owned Power Grid Corporation’s decision on Friday.
According to a BSE filing, the “Committee of Directors on Investment on Projects” of POWERGRID approved investment for the “Eastern Region Expansion Scheme- XXXVII (ERES-XXXVII)” at an estimated cost of Rs 119.95 crore.
The application also said that it will be put into service 24 months from NCT’s date of allocation, or on May 19, 2025.
The Rs 119.95 crore investment will be directed towards the construction and enhancement of transmission infrastructure, including high-voltage transmission lines and substations.
The new transmission lines and substations will bolster the reliability of the national power grid. It will reduce transmission losses and minimize the risk of blackouts or power outages.
The project aims to enable efficient transfer of electricity from generation sources to distribution networks. This will help in reducing energy wastage and ensuring that power generated reaches consumers with minimal losses.
As India continues to witness rapid industrialization and urbanization, the demand for electricity is growing. This investment will increase the capacity of the transmission network, ensuring it can handle the growing load.
With the government’s focus on renewable energy sources, this project will play a crucial role in integrating renewable power sources into the national grid. It will facilitate the smooth flow of electricity generated from solar, wind, and other renewable sources.
The project will incorporate modern technologies and equipment to monitor and control the transmission network efficiently. This will further enhance the grid’s overall performance.
A robust and reliable power transmission network is essential for economic growth. It ensures that industries have access to uninterrupted power supply, thereby promoting industrialization and job creation.
A strengthened transmission network enhances the country’s energy security by reducing dependence on a single source or region. It allows for the seamless flow of power across the nation, mitigating the impact of regional power shortages.
As India ramps up its renewable energy capacity, a resilient transmission network becomes critical for transporting this green energy efficiently. This investment aligns with the country’s renewable energy goals.
Outdated transmission infrastructure often results in significant energy losses during transmission. The modernization aspect of this project will contribute to reducing these losses, making energy utilization more efficient.
Improving the power transmission network is an essential component of sustainable development. It aligns with India’s commitment to achieving its climate goals by reducing carbon emissions and promoting clean energy.
The Power Grid Corporation of India Limited’s decision to invest Rs 119.95 crore in the transmission project is a significant step towards enhancing India’s power infrastructure. This investment will contribute to grid reliability, energy security, and the integration of renewable energy sources.
Ultimately, it supports the nation’s economic growth and sustainable development goals. As the project progresses, it will be essential to monitor its implementation to ensure that it delivers the anticipated benefits to India’s power sector and its citizens.
