Power Grid Corporation Of India Ltd.

In order to meet a projected growth in demand and ease the load on the national grid, Power Grid Corporation of India (PGCIL) is reportedly planning to build energy highways across the country. The highways will include 11 high-capacity corridors, each with a capacity of about 4,000 Mw and three high-capacity HVDC (high-voltage, direct current) systems (6,000 Mw each). The central transmission utility will also develop eight inter-state transmission systems (ISTS) or green energy corridors to help the renewable energy sector.

In this regard, the company has planned investment of Rs 1.12 lakh crore, with the energy highways costing Rs 58,000 crore and the HVDC systems Rs 12,000 crore each. The cost of the ongoing green corridors is Rs 18,000 crore. The ISTS for solar parks is about Rs 9,000 crore each. The costs are for the lifetime of the projects and would be invested according to commissioning time lines.

Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India. Power Grid transmits about 50% of the total power generated in India on its transmission network.