Power Grid Corporation of India has planned a capital investment of Rs 1 lakh crore for development of an inter-State transmission system during the 12th Five-Year Plan.
PGCIL´s board in September approved additional telecom capex of Rs 331.88 crore and establishing of a 50:50 JV between PGCIL and Rashtriya Ispat Nigam Limited (RINL) for setting up a manufacturing facility for transmission line towers and tower parts at Vishakhapatnam. Meanwhile, speaking with POWER TODAY, RN Nayak, Chairman and Managing Director, PGCIL said the company has so far spent Rs 3321.31 crore out of the Rs 5,321 crore raised through FPO last year for funding projects.
Key success factors
PGCIL presently owns and operates a transmission network of about 1,11,700 ckm of transmission lines and 186 EHVAC and HVDC substations having transformation capacity of more than 218,000 MVA with an availability of its trans¡mission network more than 99 per cent, and it wheels about 50 per cent of total power generated in the country.
Capitalisation robust, capex range-bound
Capitalisation for the quarter was robust at Rs 4703 crore (up 130 per cent y-o-y), and a capex of Rs 4,850 crore (down 16 per cent y-o-y). Analysts estimate Power Grid to clock a capitalisation of Rs 24,000 crore and capex of Rs 22,500 crore in FY15E.
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