Power Secretary Pankaj Agarwal says PLI scheme for transmission gear
POWER & RENEWABLE ENERGY

Power Secretary Pankaj Agarwal says PLI scheme for transmission gear

Power Secretary Pankaj Agarwal emphasized the importance of exploring a production-linked incentive (PLI) scheme for critical transmission equipment to alleviate the pressure on global supply chains and enhance India's renewable energy infrastructure.

During the inaugural session of the Brainstorming Conclave on the Indian Power Sector Scenario 2047 in New Delhi, Agarwal pointed out that 1,650 gigawatts (GW) of renewable energy capacity worldwide is awaiting grid connection due to transmission bottlenecks.

He expressed the need to consider localizing the supply chain for transmission equipment, noting the current strain on global supply chains and indicating that these issues reflect constraints in the development of transmission capacities. According to Agarwal, these constraints arise from right of way (RoW) challenges and a limited supply of critical equipment.

He acknowledged that initiatives like the planned power corridors in Gujarat are helping to address RoW challenges. However, he stressed that India still needs to enhance its capacity for high-voltage direct current (HVDC) and alternating current (HVAC) systems, stating that HVDC is a crucial component and that some form of PLI may be necessary for specific HVAC equipment.

Agarwal also reaffirmed the government’s commitment to the power market coupling mechanism, which aims to standardize electricity pricing across all exchanges, though he did not specify a timeline for its implementation. He mentioned that progress is being made on the power coupling mechanism and that the government remains dedicated to it.

The Brainstorming Conclave, organized by the Central Electricity Authority (CEA) in collaboration with CBIP, FICCI, and other stakeholders, included discussions on India's long-term vision for the power sector, with a target of achieving a non-fossil power capacity of 500 GW by 2030, an increase from the current 154.5 GW.

Power Secretary Pankaj Agarwal emphasized the importance of exploring a production-linked incentive (PLI) scheme for critical transmission equipment to alleviate the pressure on global supply chains and enhance India's renewable energy infrastructure. During the inaugural session of the Brainstorming Conclave on the Indian Power Sector Scenario 2047 in New Delhi, Agarwal pointed out that 1,650 gigawatts (GW) of renewable energy capacity worldwide is awaiting grid connection due to transmission bottlenecks. He expressed the need to consider localizing the supply chain for transmission equipment, noting the current strain on global supply chains and indicating that these issues reflect constraints in the development of transmission capacities. According to Agarwal, these constraints arise from right of way (RoW) challenges and a limited supply of critical equipment. He acknowledged that initiatives like the planned power corridors in Gujarat are helping to address RoW challenges. However, he stressed that India still needs to enhance its capacity for high-voltage direct current (HVDC) and alternating current (HVAC) systems, stating that HVDC is a crucial component and that some form of PLI may be necessary for specific HVAC equipment. Agarwal also reaffirmed the government’s commitment to the power market coupling mechanism, which aims to standardize electricity pricing across all exchanges, though he did not specify a timeline for its implementation. He mentioned that progress is being made on the power coupling mechanism and that the government remains dedicated to it. The Brainstorming Conclave, organized by the Central Electricity Authority (CEA) in collaboration with CBIP, FICCI, and other stakeholders, included discussions on India's long-term vision for the power sector, with a target of achieving a non-fossil power capacity of 500 GW by 2030, an increase from the current 154.5 GW.

Next Story
Infrastructure Transport

Bengaluru-Chennai Expressway: 71-Km Stretch Opens for Toll-Free Travel

A 71-kilometer section of the Bengaluru-Chennai Expressway in Karnataka has been opened to the public, offering toll-free travel and significantly reducing travel time for commuters. Part of the larger 260-kilometer expressway connecting Bengaluru in Karnataka to Chennai in Tamil Nadu, this stretch has become a popular choice for recreational long drives. Once fully operational by August 2025, the expressway will cut travel time between Bengaluru and Chennai from six hours to just three, with a designed speed limit of 120 km/h. The project spans Karnataka, Andhra Pradesh, and Tamil Nadu, promi..

Next Story
Infrastructure Transport

DME Development Ltd Raises Rs 7.75 Billion via Green Bonds

DME Development Ltd (DMEDL), a wholly owned subsidiary of the National Highways Authority of India (NHAI), has raised Rs 7.75 billion through the first-ever issuance of Green Bonds in the roads and highways sector. The bonds aim to promote infrastructure development while ensuring environmental sustainability. NHAI Chairman Santosh Kumar Yadav expressed satisfaction with the response, stating, "This unique initiative sets a benchmark in the sector and encourages participation from diverse investors." Similarly, NHAI Member (Finance) and DMEDL Chairman NRVVMK Rajendra Kumar highlighted the str..

Next Story
Infrastructure Transport

Indore Assigns Rs 4.5 Billion for Road Development, Green Initiatives

The Indore Municipal Corporation (IMC) has approved Rs 4.5 billion for 23 road development projects aimed at improving urban infrastructure and promoting sustainable practices. The decision was taken during the mayor-in-council (MiC) meeting chaired by Mayor Pushyamitra Bhargava, alongside IMC Commissioner Shivam Verma and senior officials. The approved projects include the construction and widening of 23 major roads across the city, connecting key areas such as Bhagirathpura, Kila Maidan, and the airport. Additionally, 14 new roads aligned with Indore’s master plan were sanctioned, with de..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000