The first four months of FY24 saw hectic activity in the interstate TBCB power transmission space with as many as 11 new projects getting awarded.
According to latest statistics released by the National Smart Grid Mission (NGSM), contracts have been placed for a little over 20 per cent of the total consumer smart meters sanctioned under the Revamped Distribution Sector Scheme (RDSS), as of around July 14, 2023.
The total quantum of transmission line addition in Q1 of FY24 was just 54 per cent of the planned addition.
In a newly released draft paper, Central Electricity Authority (CEA) has recommended that re-conductoring of transmission lines of the interstate transmission system (ISTS) be carried out under the regulated tariff mechanism (RTM) route as opposed to the tariff-based competitive bidding (TBCB) mode.
The official target for transmission line addition in FY24 represents a 13.5 per cent growth over the actual achievement in FY23. However, the comparable growth in the case of transformation capacity (substations) is much lower at 2.9 per cent.
Power distribution is a very sensitive area and improving this vital link in the power value chain will need government review alongside private sector entrepreneurship and expertise, noted Sanjay Banga, President – T&D, Tata Power, in a recent media interaction in Mumbai.
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.