PLI for Transmission Equipment: Exploring Options to Boost Infrastructure
By Rediff Money Desk, New Delhi Oct 14, 2024 16:41
India's Power Secretary suggests exploring PLI for transmission equipment to boost infrastructure and localize supply chain. The move aims to address constraints in transmission capacity, particularly for HVDC and HVAC systems, as India pushes for renewable energy goals.
New Delhi, Oct 14 (PTI) Various options, including PLI for transmission equipment manufacturing, can be explored to boost the power transmission infrastructure of the country, Power Secretary Pankaj Agarwal said on Monday.
Agarwal said he has requested the industry stakeholders to think about ways to localize the supply chain for transmission equipment.
He was replying to a question on PLI scheme for transmission equipment, on the sidelines of 'Brainstorming Conclave on Indian Power Sector Scenario by 2047' organised by Central Electricity Authority (CEA) in partnership with Ficci.
"I requested the participants to also think how can we localize the supply chain for transmission equipment as global supply chains are under strain...and do we need some PLI kind of scheme for some kind of equipment....I have requested to explore that whether that can help or some of other driver would be required," the official said.
Agarwal also said that about 1650 GW of renewable capacity worldwide is waiting to get connected and this shows there are constraints in development of transmission capacities.
In India, there is sufficient capacity for certain transmission equipment. However, for some like HVDC and HVAC, the capacity needs to be augmented, he added.
The high-voltage direct current or HVDC and high-voltage alternating current or HVAC systems are designed for transportation of power over longer distances.
The government had earlier launched a plan for building a transmission system for evacuating 500 gigawatts (GW) of non-fossil based energy by 2030.
Agarwal said he has requested the industry stakeholders to think about ways to localize the supply chain for transmission equipment.
He was replying to a question on PLI scheme for transmission equipment, on the sidelines of 'Brainstorming Conclave on Indian Power Sector Scenario by 2047' organised by Central Electricity Authority (CEA) in partnership with Ficci.
"I requested the participants to also think how can we localize the supply chain for transmission equipment as global supply chains are under strain...and do we need some PLI kind of scheme for some kind of equipment....I have requested to explore that whether that can help or some of other driver would be required," the official said.
Agarwal also said that about 1650 GW of renewable capacity worldwide is waiting to get connected and this shows there are constraints in development of transmission capacities.
In India, there is sufficient capacity for certain transmission equipment. However, for some like HVDC and HVAC, the capacity needs to be augmented, he added.
The high-voltage direct current or HVDC and high-voltage alternating current or HVAC systems are designed for transportation of power over longer distances.
The government had earlier launched a plan for building a transmission system for evacuating 500 gigawatts (GW) of non-fossil based energy by 2030.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Thinkink Picturez
- 1.94 (+ 4.86)
- 69820171
- Rajnish Wellness
- 1.78 (+ 4.09)
- 54627483
- G G Engineering
- 1.80 (+ 1.12)
- 53423097
- GTL Infrastructure
- 2.32 ( 0.00)
- 34510899
- Vodafone Idea L
- 8.10 ( -0.25)
- 34418651
MORE NEWS
Sebi Warns Investors Against Trading in...
Sebi cautions investors against trading unlisted securities on unauthorised platforms,...
Torrent Power QIP Oversubscribed 4 Times - Rs...
Torrent Power's Rs 3,500 crore QIP was oversubscribed four times, receiving bids of Rs...
MFI Disbursements Drop 10% in Q2: Credit...
Microfinance institutions saw a 10% drop in disbursements in Q2 as credit quality...