PowerGrid Corporation of India Limited (PGCIL) expects a market opportunity of ₹50,000 crore for setting up Green Energy Evacuation Corridors in India by 2022.
Centre has set a target to add 100 GW of solar power generation capacity in the grid. This will require an additional transmission capacity of at least 60,000 MW by 2022. These projects will be announced over the next two years and will cost nearly ₹50,000 crore.
For the past few years, addition of conventional power generation capacity has tapered, which has led to a slowdown in the demand for transmission projects. Now, the demand has started picking up from the renewable energy sector.
PGCIL is the dominant power transmission player in India. Currently it has a market share of 98 per cent.
POWERGRID transmits about 50% of the total power generated in India on its transmission network. Its former subsidiary company, Power System Operation Corporation Limited (POSOCO) handles power management for National Grid and all state transmission utilities. POWERGRID also operates a telecom business under the name POWERTEL.
Reference- The Hindu, Wikipedia, PowerGrid website