Gujarat Energy Transmission plans IPO on Centre's directions to raise funds for capex on capacity addition
Live MintNew Delhi: State transmission companies led by the Gujarat Energy Transmission Company are considering going public to raise funds and set up the infrastructure needed to carry 500 GW of clean energy, in keeping with the government’s directions, two people with knowledge of the developments said. The push for state transcos to raise funds comes amid the requirement of ₹42 trillion to be invested in the renewable energy space till 2030, of which transmission infrastructure alone would need ₹9.15 trillion. A strong transmission network with adequate storage capacity is crucial for stabilising power supply, more so with increasing renewable energy capacity in the country. As per the National Electricity Plan, over 191,000 circuit km of transmission lines and 1,270 GVA of transformation capacity are planned to be added during the 10-year period from FY23 to FY32.
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