In CY 2019 the capacity additions pace for renewable sector in the country was low as compared to erstwhile year-on-year capacities being added from CY 2014. Multiple factors were responsible for the slow capacity addition pace with the foremost being the tapered investments due to inconsistent pay back from the distribution companies and uncertainties to PPAs executed. Also, being the election year the Government push was missing and therefore the capacities are expected to register a fillip in the current CY 2020. However, amidst force majeure circumstances witnessed from COVID 2019 outbreak in China, the supplies to Indian solar industry has halted completely and with uncertainty in future the situation for capacities look grim. This for sure shall have a cascading impact upon the capacity additions in power transmission segment. The dedicated infrastructure for transmission of RE energy shall therefore have reduced pace at least for first two quarters in CY 2020.
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Key Highlights
As in the generation segment much push is being to renewable energy huge investments are made by PGCIL, STU and various private players like Adani, GE, L&T etc. to construct transmission network for renewable energy evacuation across the country.
Even though big investments are made in the power transmission segment, the capacity addition to the transmission network has taken a hit due to the uncertainties faced by upcoming renewable energy projects because of the state governments interventions in PPA or tariff related issues.
Report Insights
L&T won an order in Gujarat to construct a 765kV double circuit transmission line that will help transmit power from renewable energy sources
The Rajasthan Solar Park Development Company (RSDCL) has issued a tender, seeking bids from eligible firms for the construction of 220 kV and 132 kV transmission lines for the Nokh Solar Park in Jaisalmer on a turnkey basis.
GE T&D India Ltd. has been awarded a contract by the Power Grid Corporation of India Limited (PGCIL) to construct a 765 kV gas-insulated substation (GIS) bays in Rajasthan.
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