Power ministry to invite bids for Rs 1.5 lakh crore transmission projects says Sterlite Power
The power sector industry is expecting the government to invite bids for power transmission infrastructure projects worth Rs 1.50 lakh crore in the next 18 months. Information was shared by Sterlite Power Transmission. Last year 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.
In a statement, Sterlite said, "We expect that nearly 60-65 percent of these projects totaling Rs 150,000 crore will come up for bidding in next 18 months since completion of all processes and then the construction of projects will take another 4-5 years".
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