Powergrid projects capex of Rs 1,900 billion by 2032

Reportedly, Power Grid Corporation of India Limited (Powergrid) has estimated a capital expenditure of Rs 1,880 billion by 2032.

The company is looking to spend Rs 1,160 billion  on inter-state transmission projects,  Rs 370 billion  on intra-state transmission projects, Rs 100 billion on cross border business and Rs 75 billion  on international operations by 2032. The state-owned transmission company will also spend Rs 150 billion  on smart metering infrastructure during the tenure. In the renewable energy space, the company will add solar power projects, for which it has kept a sum of Rs 10 billion in the same period. The company’s capital expenditure target for the ongoing fiscal is Rs 88 billion which may extend to Rs 100 billion.