Prime Minister Narendra Modi’s vision of a 5 trillion-dollar economy will require an estimated investment of Rs 5 lakh crore in the transmission sector over the next few years. As per estimates, India will be consuming 1.8 trillion units by 2025 as India’s growth trajectory accelerates, and this requires large investments in the transmission sector, particularly at the state level. The transmission sector has seen a fall in the investments to below 1.8 lakh crore in the last five years but this will need to see a significant jump as 500 GW of renewable energy is added to the grid by 2030.
CII has come out with this paper on 'New Age Power Systems For 21st Century India: Challenges, Solutions and Opportunities' with a view to partner with the government in developing a blueprint for efficient transmission system. The 8-point agenda drawn up for a robust transmission system includes recommendations on planning, operations, costs to name a few. The report seeks to draw up a blueprint for country’ vision on power for all and electric mobility which is a stated goal of the GoI.