Govt to invite bids for Rs 1.5-trn transmission proj in 18 months: Sterlite
The industry is expecting the government to invite bids for power transmission infrastructure projects worth Rs 1.50 lakh crore in the next 18 months, Sterlite Power Transmission said on Thursday.
In December, the government had launched a plan with investment opportunities of about Rs 2.44 lakh crore for building a transmission system for evacuating 500 gigawatts (GW) of non-fossil based energy by 2030.
"We expect that nearly 60-65 per cent of these projects totalling Rs 150,000 crore will come up for bidding in next 18 months since completion of all processes and then construction of projects will take another 4-5 years," said a senior Sterlite Power Transmission official.
The industry expects the government to invite bids under tariff based competitive bidding (TBCB) for power transmission infrastructure projects as it accelerates creation of new power lines and green energy corridors to integrate rising share of renewable power, the official said.
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