India’s transmission line addition in FY23 exceeded the target set for the year. However, there are caveats to this accomplishment.
The share of the HVDC line in the total quantum of interregional electricity exchange declined marginally in FY23 when compared with FY22.
A special study by T&D India, based on official documents, suggests that during fiscal year 2022-23 ending March 31, 2023, a total of eight interstate transmission projects were awarded under the tariff-based competitive bidding (TBCB) route. Further, six such projects were commissioned in the same period.
The interstate transmission scheme housed under “WRSR Transmission Ltd” saw a 15 percent drop in L1 bids, after the e-reverse auction (e-RA) round.
All four state government-owned distribution companies in Gujarat have earned the highest “A+” rating, and have all featured in the list of top 10 discoms in India, as per the “11th Annual Integrated Rating & Ranking of Power Utilities”.
The pace of the addition of 220kV transformation (substation) capacity appears to be on track in FY23, though there has been a substantial shortfall in higher voltage levels like 400kV and 765kV.
India will need to double the quantum of its power system over the next seven years. Even though the country has achieved much since 2014, the real challenge has just begun, noted R.K. Singh, Union power minister, in his inaugural address at ELECRAMA 2023.
Over 20 crore smart prepaid meters have been sanctioned so far under the Revamped Distribution Sector Scheme (RDSS), according to information recently tabled in Parliament.
Six new interstate transmission system (ISTS) schemes were awarded under the tariff-based competitive bidding (TBCB) mode during the first nine months (April to December) of the current fiscal year FY23, according to a special study done by T&D India.
Competition in transmission projects that are bid out under the tariff-based competitive bidding (TBCB) mechanism is seen intensifying, according to K. Sreekant, CMD, Power Grid Corporation of India Ltd (PGCIL).