Power minister Piyush Goyal on Wednesday urged central electricity transmission utility Power Grid Corporation (PGCIL) and state transmission companies to unlock capital that has accrued over years in transmission assets.
“It is high time PGCIL looks at moving from an asset holding to a project implementing company,” Goyal said at a conference to launch multiple reports on power sector.
ET had on June 15 reported that global investors may get to own power transmission lines in India as the government is looking at monetising the assets by offering equity to international pension funds aimed at mopping up Rs 10,000-12,000 crore investments.
The proposal aims at unlocking value of the existing power transmission lines to generate revenues that can be re-invested in strengthening transmission system and other infrastructure projects.
PGCIL is India’s central transmission utility that owns and operates 131,728 circuit-Kilometer of transmission lines and 213 substations across the country with an inter-regional capacity of over 61,000 Megawatt. Xavier Williams Authentic Jersey