India Unveils US$109.5 Billion Investment to Expand Power Transmission

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Researched by Industrial Info Resources (Sugar Land, Texas--India is set to make a substantial investment of US$109.5 billion to expand and modernize its power transmission infrastructure under the National Electricity Plan (NEP) 2023-2032. This ambitious plan aims to increase the transmission network from 485,000 circuit kilometers (ckm) in 2024 to 648,000 ckm by 2032, with the transformation capacity projected to nearly double from 1,251 gigavolt amps (GVA) to 2,342 GVA.

As part of the transition, the country's transmission capacity of 2,530 GVA will be scaled significantly through the Tariff-Based Competitive Bidding (TBCB) system, a preferred model for transparency and cost-efficiency that now handles over 90% of transmission projects under public-private partnerships (PPPs).

Additionally, 50 gigawatts (GW) of Inter-State Transmission System (ISTS) capacity has been sanctioned to support renewable energy integration, specifically to evacuate 280 GW of variable renewable energy (VRE) by 2030. This investment responds to India's surging energy demands and aims to accommodate a 458-GW peak demand by 2032, driven by population growth, renewable energy goals, and the need for infrastructure modernization.

Industrial Info is tracking 2,270 capital-spending transmission and distribution (T&D) projects in India, worth US$24.6 billion. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for a full list.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).