Only 12 Per Cent of TBCB Transmission Projects Met SCOD

13 Jul 2026 CW Team

The rating agency projects capital expenditure of Rs. five to six trillion (tn) between FY2026-27 and FY2031-32 to strengthen existing infrastructure, add evacuation capacity and develop new transmission routes. ICRA noted that the investment requirement is driven by the Government plan to evacuate power from over 900 GW of non-fossil fuel capacity by 2035-36, of which around 548 GW is expected to be solar and wind. It added that land acquisition and right of way constraints remain key execution challenges that could delay project completion timelines.

ICRA reported that around 33 per cent of recently commissioned renewable capacity was being evacuated under the Temporary General Network Access route as of May 2026, reflecting persistent transmission constraints. Curtailment under T-GNA was highest during solar hours and remained in the range of 50 to 60 per cent in affected regions, particularly Rajasthan and Gujarat, while southern regions experienced limited curtailment. The agency also noted that outstanding orders and inflows for transmission equipment suppliers more than doubled in FY2025-26 versus FY2021-22, but supply and labour constraints persist.

To bridge the gap ICRA estimated the sector needs a significant increase in annual transmission line and substation capacity additions of about 20,000 circuit kilometres and 120 gigavolt-amperes (GVA), implying an investment opportunity of at least Rs. five to six tn between 2026-27 and 2031-32. It warned that slippages in commissioning of planned transmission infrastructure could impede renewable capacity additions or prolong grid curtailment, materially affecting project returns unless execution bottlenecks are addressed.

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A latest report by ICRA has highlighted a mismatch between the rapid growth in renewable energy projects and the pace of associated transmission infrastructure development. It found that out of the total projects commissioned by March 2026 under the tariff-based competitive bidding route only 12 per cent met their scheduled commissioning date, while the remainder were commissioned with delays ranging from two months to three years and a median delay of over ten months. The agency warned that such delays increase the risk of inadequate power evacuation and grid curtailment for developers. The rating agency projects capital expenditure of Rs. five to six trillion (tn) between FY2026-27 and FY2031-32 to strengthen existing infrastructure, add evacuation capacity and develop new transmission routes. ICRA noted that the investment requirement is driven by the Government plan to evacuate power from over 900 GW of non-fossil fuel capacity by 2035-36, of which around 548 GW is expected to be solar and wind. It added that land acquisition and right of way constraints remain key execution challenges that could delay project completion timelines. ICRA reported that around 33 per cent of recently commissioned renewable capacity was being evacuated under the Temporary General Network Access route as of May 2026, reflecting persistent transmission constraints. Curtailment under T-GNA was highest during solar hours and remained in the range of 50 to 60 per cent in affected regions, particularly Rajasthan and Gujarat, while southern regions experienced limited curtailment. The agency also noted that outstanding orders and inflows for transmission equipment suppliers more than doubled in FY2025-26 versus FY2021-22, but supply and labour constraints persist. To bridge the gap ICRA estimated the sector needs a significant increase in annual transmission line and substation capacity additions of about 20,000 circuit kilometres and 120 gigavolt-amperes (GVA), implying an investment opportunity of at least Rs. five to six tn between 2026-27 and 2031-32. It warned that slippages in commissioning of planned transmission infrastructure could impede renewable capacity additions or prolong grid curtailment, materially affecting project returns unless execution bottlenecks are addressed.

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