New Delhi: The Power Grid Corporation India Ltd (PGCIL), which plans to hit the capital market by May-June with its IPO, would invest about two billion dollars (approx Rs 8,000 crore) in new transmission projects in the current fiscal.
“Last year, our new project investments were around 1.5 billion dollars and this year, Power Grid will be spending two billion dollars,” company’s Executive Director R N Nayak said here at a conference on ‘Emerging trend in EHV Switchgear´.
Nayak highlighted that transmission sector was growing by 35 %.
PGCIL Chairman and Managing Director R P Singh said the company has a grand plan to connect southern India by 2011-12, which would integrate the transmission system of the entire country.
“Entire country will be integrated in the transmission system,” Singh said, adding the northern region had already been connected in August 2006.
Singh said the transmission growth rate was 35 %, which might have to be expanded to 50 %.
The inter-regional capacity of national grid operated by the company would increase from the current 13,700 MW to 16,700 MW by May 2007 and 40,000 MW by 2012, he added.
Nayak said the company would be commissioning its first 800 KV system next month, besides planning to construct 5,000 circuit kilometers of 765 KV AC links in the next 3-4 years.
Considering the increasing fault levels, the company was also targeting layered transmission system to smoothen the operation, he said, adding by 2014, India would have 1200 KV network.