Govt flips the switch to 20-year power plan
Shifting focus to power transmission, the Narendra Modi government would soon launch a 20-year plan for the sector to keep pace with growing generation and its poll promise of ’24×7 power for all’. The plan, titled ‘Perspective Transmission Plan for 20 Years’ is being circulated to all states and sector stakeholders for their feedback.
The total investment envisaged is Rs 2.6 lakh crore during the 13th Plan (period). According to the current draft, Rs 1.6 lakh crore investment in transmission would come from states and the balance Rs 1 lakh crore from the Power Grid Corporation of India Limited (PGCIL).
Power ministry officials, however, said the project allotment would undergo changes, with PGCIL having overcapacity projects and the government pushing for more private investment in the sector. Also, the Green Corridors project, which entails an alternate transmission network for renewable energy, is being revised, keeping up with the plan to add 1,75,000 Mw of renewable power.