The Central Electricity Authority (CEA) has notified the National Electricity Plan (NEP) (Vol-I Generation) for the period of 2022-32.
Power Grid Corporation of India Ltd (PGCIL) has recorded a modest year-on-year growth in capital expenditure during FY23, at the consolidated level, while capitalization has declined significantly.
The total substation capacity addition in FY23 stood at 75,902 MVA, meeting 96.1 percent of the target, which incidentally, was revised downwards on two occasions.
Interregional electricity transfer electricity aggregated 236,153 million kWh (MU or million units) in FY23, growing modestly by 3.6 percent over FY22.
India’s transmission line addition in FY23 exceeded the target set for the year. However, there are caveats to this accomplishment.
The share of the HVDC line in the total quantum of interregional electricity exchange declined marginally in FY23 when compared with FY22.
A special study by T&D India, based on official documents, suggests that during fiscal year 2022-23 ending March 31, 2023, a total of eight interstate transmission projects were awarded under the tariff-based competitive bidding (TBCB) route. Further, six such projects were commissioned in the same period.
The interstate transmission scheme housed under “WRSR Transmission Ltd” saw a 15 percent drop in L1 bids, after the e-reverse auction (e-RA) round.
All four state government-owned distribution companies in Gujarat have earned the highest “A+” rating, and have all featured in the list of top 10 discoms in India, as per the “11th Annual Integrated Rating & Ranking of Power Utilities”.
The pace of the addition of 220kV transformation (substation) capacity appears to be on track in FY23, though there has been a substantial shortfall in higher voltage levels like 400kV and 765kV.