Power Grid Corporation of India
Ltd has predicted that the
country's power transmission
sector will have funding requirement of
Rs.2,30,000 crore in the XIII plan period
(FY18 to FY22). Out of this, Rs.135,000
crore will be for inter-state transmission
while Rs.95,000 crore will be needed for
intra-state transmission. This massive
funding will ensure addition of 130,000
ckm of transmission lines and 3 lakh
MVA of transformation capacity. R.N.
Nayak, CMD, Power Grid Corporation
of India, said this at a press conference in
Mumbai announcing the company's
FY13-Q1 results.
The power distribution sector will
need Rs.2,54,000 crore of additional
funds in the XIII Plan period. Out of
this, Rs.2,30,000 crore will need to be
invested into smart grid and additional
Rs.24,000 crore into Smart City. The
Smart City, a pilot project being
spearheaded by PGCIL, envisages a
coastal location having renewable
energy power plants fully connected by
a smart grid.
During the first quarter of FY13,
PGCIL laid emphasis on laying highvoltage
transmission lines. This was
evident from the fact that while the
length of transmission lines constructed
fell to 2,028 ckm from 2,078 ckm in Q1
of FY12, there was a growth in power
transmission from 721 GW-ckm to
2,395 GW-ckm. Transformation
capacity addition also improved from
630 MVA to 11,833 MVA in the first
quarter of FY13.
To gain the benefits of backward
integration, PGCIL is contemplating
joint venture companies for
manufacturing of material and
equipment. It is also eyeing JVs with
various states for intra-state
transmission. Discussions are currently
underway with Bihar, Odisha,
Jharkhand, Chhattisgarh, Manipur, UP,
MP, Tamil Nadu and Karnataka.
While PGCIL will always ensure that
power transmission remains its core
area, it will also look for opportunities in
the power distribution sector like
RGGVY and APDRP projects under XII
Plan. Thanks to its huge technical and
management expertise, the
transmission major will consider
management control of power
distribution companies to assist growth
of the sector while ensuring that
ownership control continues to remain
with respective discoms, Nayak said.
Untitled Document
PGCIL CAPEX: XII PLAN |
(Rs.crore) |
| |
FY13 |
FY14 |
FY15 |
FY16 |
FY17 |
Total |
| Total Capex |
20,000 |
19,000 |
20,000 |
20,000 |
21,000 |
100,000 |
| Debt |
14,000 |
13,300 |
14,000 |
14,000 |
14,700 |
70,000 |
| Tied-Up |
8,000 |
5,200 |
3,600 |
2,800 |
2,400 |
22,000 |
| Balance |
6,000 |
8,100 |
10,400 |
11,200 |
12,300 |
48,000 |
At present, PGCIL operates more than
95,000 ckm of transmission lines along
with 155 substations with
transformation capacity of about
136,400 MVA. The existing interregional
power transmission capacity is
about 28,000 mw and the average
availability during the quarter was
maintained at 99.92 per cent.
After successfully meeting its capex
target of Rs.55,000 crore for the XI Plan,
PGCIL has now planned capital
expenditure of Rs.100,000 crore in the
ongoing XII Plan period. The company
has a capex plan of Rs.20,000 crore for
the current financial year. Out of this,
capital expenditure of Rs.3,007 crore
was incurred up to June-end 2012.