Power Grid Corporation of India has approved a proposal worth Rs.330.61 million to construct a transmission system that will allow power from renewable energy zones (REZ) in Rajasthan. This project is a transmission system to evacuate power from Rajasthan’s REZ (20GW).
In a regulatory filing, the power transmission company stated that the Committee of Directors on Investment on Projects approved investment approval for transmission system to evacuate power power from Rajasthan REZ (20GW) under Phase III Part J at an estimated cost of Rs 330.61 crore.
India’s central transmission utility, Power Grid Corporation of India was established by the Government of India (GoI). As of 30 June 2022, the Government of India owned 51.34% of the company.
Power Grid spends a lot of money to expand its ability to build transmission lines across states. It also invests in battery storage infrastructure.