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					</table><p>Government-owned power transmission utility Power Grid Corporation of India’s (<a href="https://www.powergrid.in/" target="_blank" rel="noopener">POWERGRID</a>) committee of directors has accorded investment approval for two transmission projects, amounting to ₹3.67 billion (~$44.05 million).</p>
<p>One of the projects is to augment transformation capacity by 1X1500 MVA (3rd), 765/400 KV ICT at Maheshwaram (PG) Substation in Telangana.</p>
<p>The project will cost ₹1.43 billion (~$17 million). It is scheduled to be commissioned in April 2025.</p>
<p>The second project for which investment approval was accorded is the transmission system to evacuate power from renewable energy in Khavda, Gujarat, under Phase IV (7GW)- Part E4.</p>
<p>The project is estimated to cost ₹2.24 billion (~$26.8 billion). The transmission system is slated to be commissioned in July 2025.</p>
<p>Last year, POWERGRID Chairman K Sreekant said India <a href="https://www.mercomindia.com/india-invest-%e2%82%b92-8-trillion-evacuate-renewable-energy" target="_blank" rel="noopener">plans</a> to invest ₹2.8 trillion ($34.2 billion) by 2030 to set up an interstate transmission network to evacuate renewable energy.</p>
<p>The investment, a mix of grants and funds, aims to strengthen the infrastructure at the distribution level and implement various cost-reduction measures.</p>
<p>“An amount of ₹1.4 trillion is already set to be spent up to 2026-27. Beyond that, it is still to be done. We estimate that we will require a similar investment up to 2030. It is still under development, and various schemes are under discussion,” he told the company’s investors.</p>
<p>Recently, the Ministry of Power <a href="https://www.mercomindia.com/powergrid-receives-transmission-lines-in-rajasthan" target="_blank" rel="noopener">authorized</a> POWERGRID Bhadla Transmission, a special-purpose vehicle of POWERGRID, to set up overhead transmission lines on a modified route to evacuate 8.1 GW of power from the solar energy zone in Rajasthan under Phase-II Part B.</p>
<p>In October this year, POWERGRID <a href="https://www.mercomindia.com/powergrid-contract-evacuate-23-5-gw" target="_blank" rel="noopener">emerged</a> as the successful bidder for the execution of the two inter-state transmission system projects – Bhadla III Transmission and Ananthapuram Kurnool Transmission from PFC Consulting, to evacuate a total of 23.5 GW of renewable energy in Rajasthan and Andhra Pradesh.</p>


POWERGRID to Invest ₹3.67 Billion for Infrastructure Expansion

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