The power distribution sector as well as renewable energy are set to dominate the lending portfolio of Power Finance Corporation (PFC) during FY25.
Private sector entities are likely to commission a lesser quantum of transmission lines in FY25 as compared with FY24, official statistics indicate.
By end of the first quarter of FY25, five interstate transmission schemes (ISTS) schemes awarded under the tariff-based competitive bidding (TBCB) mechanism are scheduled to complete, thereby capitalizing assets worth over Rs.5,000 crore.
REC Ltd expects good prospects from the power transmission & distribution (T&D) sector in FY25, noted the company’s CMD Vivek Kumar Dewangan.
The quantum of interregional electricity transfer through HVDC lines appears to have increased significantly in FY24, as borne out by newly-released statistics by GRID-INDIA.
The North-Eastern Region Power System Improvement Project (NERPSIP), a major Centrally-sponsored programme covering the northeast states, except Arunachal Pradesh, is expected to be fully commissioned by end of 2024, according to a latest government report.
Addition of substation (transformation) capacity in FY24 was 6.8 per cent lower than in FY23, according to a special study by T&D India.
The quantum of 765kV lines added in FY24 has surpassed the target set for the period, according to recent statistics released by Central Electricity Authority (CEA).
Fiscal year FY24 saw frenzied action in the ISTS-TBCB power transmission space with a record number of schemes getting awarded.
The 8th edition of RenewX – south India’s biggest expo on renewable energy and electric vehicles – will be held at Hitex, Hyderabad, on April 26 and 27, 2024. Julian Thomas, Senior Project Director – Renewable Energy & Battery Portfolio, Informa Markets India Pvt Ltd, the event organizer, gives a comprehensive overview on this mega event.