Government-owned power transmission utility Power Grid Corporation of India’s (POWERGRID) committee of directors has accorded investment approval for two transmission projects, amounting to ₹3.67 billion (~$44.05 million).

One of the projects is to augment transformation capacity by 1X1500 MVA (3rd), 765/400 KV ICT at Maheshwaram (PG) Substation in Telangana.

The project will cost ₹1.43 billion (~$17 million). It is scheduled to be commissioned in April 2025.

The second project for which investment approval was accorded is the transmission system to evacuate power from renewable energy in Khavda, Gujarat, under Phase IV (7GW)- Part E4.

The project is estimated to cost ₹2.24 billion (~$26.8 billion). The transmission system is slated to be commissioned in July 2025.

Last year, POWERGRID Chairman K Sreekant said India plans to invest ₹2.8 trillion ($34.2 billion) by 2030 to set up an interstate transmission network to evacuate renewable energy.

The investment, a mix of grants and funds, aims to strengthen the infrastructure at the distribution level and implement various cost-reduction measures.

“An amount of ₹1.4 trillion is already set to be spent up to 2026-27. Beyond that, it is still to be done. We estimate that we will require a similar investment up to 2030. It is still under development, and various schemes are under discussion,” he told the company’s investors.

Recently, the Ministry of Power authorized POWERGRID Bhadla Transmission, a special-purpose vehicle of POWERGRID, to set up overhead transmission lines on a modified route to evacuate 8.1 GW of power from the solar energy zone in Rajasthan under Phase-II Part B.

In October this year, POWERGRID emerged as the successful bidder for the execution of the two inter-state transmission system projects – Bhadla III Transmission and Ananthapuram Kurnool Transmission from PFC Consulting, to evacuate a total of 23.5 GW of renewable energy in Rajasthan and Andhra Pradesh.