Power Grid Plans Rs.40,000 Cr Subsea Link to Middle East

30 Jul 2024 CW Team

The project, which is set to be completed within five years, will involve the laying of undersea cables to facilitate the exchange of electricity between India and the Middle East. This interconnection is expected to not only improve the reliability of power supply but also optimise the utilisation of renewable energy resources, thereby supporting India's transition to a greener energy mix.

PGCIL?s Chairman and Managing Director, K. Sreekant, emphasised the significance of this initiative, noting that it will play a crucial role in meeting the growing energy demands and enhancing grid stability. The subsea link will also provide a platform for sharing surplus power during periods of peak demand, fostering greater cooperation and integration between the two regions.

The proposed subsea interconnection aligns with the broader vision of the International Solar Alliance (ISA) and the One Sun, One World, One Grid (OSOWOG) initiative, which seeks to create a global network of interconnected grids to promote sustainable energy solutions. By connecting with the Middle East, India aims to tap into the vast potential of renewable energy, particularly solar power, and ensure a more balanced and secure energy supply.

This landmark project underscores PGCIL?s commitment to advancing India?s energy infrastructure and promoting international collaboration in the energy sector. The subsea interconnection is poised to be a game-changer, paving the way for a more interconnected and resilient global power grid.

Power Grid Corporation of India Limited (PGCIL) is planning an ambitious subsea interconnection project worth ?40,000 crore to connect India with the Middle East. This strategic initiative aims to enhance energy security and bolster cross-border electricity trade, contributing to the stability and resilience of the power grids in both regions. The project, which is set to be completed within five years, will involve the laying of undersea cables to facilitate the exchange of electricity between India and the Middle East. This interconnection is expected to not only improve the reliability of power supply but also optimise the utilisation of renewable energy resources, thereby supporting India's transition to a greener energy mix. PGCIL?s Chairman and Managing Director, K. Sreekant, emphasised the significance of this initiative, noting that it will play a crucial role in meeting the growing energy demands and enhancing grid stability. The subsea link will also provide a platform for sharing surplus power during periods of peak demand, fostering greater cooperation and integration between the two regions. The proposed subsea interconnection aligns with the broader vision of the International Solar Alliance (ISA) and the One Sun, One World, One Grid (OSOWOG) initiative, which seeks to create a global network of interconnected grids to promote sustainable energy solutions. By connecting with the Middle East, India aims to tap into the vast potential of renewable energy, particularly solar power, and ensure a more balanced and secure energy supply. This landmark project underscores PGCIL?s commitment to advancing India?s energy infrastructure and promoting international collaboration in the energy sector. The subsea interconnection is poised to be a game-changer, paving the way for a more interconnected and resilient global power grid.

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

Real Estate

10 Jul 2026

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Real Estate

10 Jul 2026

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..