A study by International Energy Agency (IEA) has found that the world needs to add or replace 80 million km of power grids by 2040, in order to meet national climate targets and support energy security.
The quantum of new transmission lines added in the first half (H1: April to September) of FY24 was nearly 22 per cent lower than the comparable level in H1 of FY23, according to a special study by T&D India based on official statistics.
India’s substation capacity addition in the first half (April to September) of FY24 barely met 50 per cent of the planned addition.
The massive rollout of smart meters, as envisaged under the Revamped Distribution Sector Scheme (RDSS), will be a big game changer for the power distribution sector as also for electrical equipment contractors and service providers, according to Vivek Kumar Dewangan, Chairman & Managing Director, REC Ltd.
Polycab India Ltd is planning to start manufacturing EHV cables and other specialty cables, with a view to enlarging its product basket and consolidating its leadership in the wire & cable market.
Transmission line addition during the first five months (April to August) of ongoing fiscal year FY24 fell significantly short of target.
Power Grid Corporation of India Ltd is expected to commission 18 ISTS projects awarded under the regulated tariff mechanism (RTM) route, in the remaining period of this fiscal year.
The quantum of new transformation capacity added in the first four months of FY24 was less than half of the planned addition.
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.