Central govt approves power transmission projects worth Rs 75,408 cr – EQ Mag

The Central government has approved Rs 75,408 crore worth of power transmission projects to be offered under the bidding route, which would make it the largest tranche, so far, under the tariff-based competitive bidding (TBCB).

Last month, the National Committee on Transmission (NCT) under the aegis of the Ministry of Power (MoP), convened with a draft agenda of projects worth Rs 64,000 crore.

This is expected to evince high interest from the private sector for these large-scale power-based infrastructure projects, which will connect some of the mega renewable energy zones (REZs) in the country with the national grid. Moreover, projects for connecting green energy installations will enable new power lines and green corridors to enhance the share of renewable sources.

The last tranche of a similar magnitude in power transmission projects was opened to the private sector in 2015, with eight projects totalling Rs 50,000.

Source: PTI