The government of India has decided to auction 8 contracts of power transmission projects worth Rs 53,000 crore in the next three years.
This will hugely benefit southern Indian states which face acute power transmission congestion. The Rs. 26,820 crore and 2500 km long high capacity power evacuation connect between Chhattisgarh and Tamil Nadu worth. This transmission system will facilitate transfer of about 6,000-MW electricity.
The decision to bid these projects has been taken by the empowered committee in spite of Power Grid Corporation of India was keen to take it on a nomination basis.
This tariff-based competitive bidding of over Rs 53,000 crore is the largest auction of power transmission projects in the history and in the near future too. No other large scale packages are likely to come up in the next three years at least.
Currently the Power Grid Corp owns and operates about 45% of inter-state transmission system.
Rs 8,570 crore inter-regional transmission link which will import of power from Maharashtra to Telengana and Andhra Pradesh, Rs 7,032-crore transmission system strengthening scheme beyond Vemagiri in Tamil Nadu, Rs 4,440 crore worth proposed transmission line connecting Ajmer, Rajasthan and Moga, Punjab and two separate transmission lines have been planned to connect and Odisha Power Generating Corp are some of the projects in the list.