The domestic power transmission segment is expected to attract investments worth Rs 1.8 lakh crore in the next five years, according to a report by rating agency ICRA.
It said evacuation infrastructure for renewable energy (RE) projects will drive investments in the power transmission segment.
“ICRA expects an investment of Rs 1.8 trillion (Rs 1.8 lakh crore) over the five-year period from FY21 (financial year 2020-21) to FY25 in the power transmission segment at an all-India level, driven by evacuation infrastructure for RE projects,” the rating agency said on Friday in the report.
It added that in line with a shift in policy focus from conventional sources (coal and gas) to renewable power sources (wind and solar), the focus of the transmission segment is towards augmenting infrastructure for evacuation of power generated by RE projects.
