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 Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement