Government to clear $2 billion transmission projects in South.

The government will soon clear transmission projects worth $2 billion in the Southern region and has sought greater private participation to meet its target of $50 billion investments in the segment over the next five years.

'The government has cleared transmission projects worth $2 billion in the North-east, and another $2 billion worth of transmission network in the south will be cleared soon,' said an official.

The Ministry of Power has estimated investments to the tune of $50 billion in the power transmission sector for which it has sought participation of the private sector, he said.

The government is also encouraging more private sector participation in the transmission sector as there is remarkable opportunity and going forward it will certainly be a robust business proposition, he added.

'We are doing capacity building in Power Grid Corporation (central transmission utility),' the official said.


ET