Power Grid Corporation of India Ltd (PGCIL) expects to capitalise projects worth around Rs 12,000 crore per year over the next few years, a top company official said here on Tuesday.
“We see an order book of about Rs 120,000 crore over the next five to seven years. A large part of this will be capitalised during the next five year plan (2012-2017). Each year, we capitalise about Rs 10,000 crore to Rs 12,000 crore, and it takes about four years to get returns on the investments we make,” Mr S.K.Chaturvedi, the Chairman and Managing Director of PGCIL, said.
The capitalisation roadmap is expected to ensure that the company would grow at the rate of more than 22-23 per cent a year.
Answering queries, Mr Chaturvedi said, “As the country takes up new nuclear plants, PGCIL will play a role in evacuation of power. As and when projects are finalised, we will also take up development of the transmission network.”
“PGCL currently wheels about 52 per cent of the country's power evacuation capacity and is (already) investing nearly Rs 60,000 crore more in nine major transmission lines.
“This capacity addition will further enhance the share of the power supply grid as not much is being added by the private sector,” he explained.
Mr Chaturvedi also pointed out that the north eastern part of the country had high hydel power generation capacity.
PGCIL is implementing a 6,000-MW high-voltage direct current bi-pole line from the north eastern region to the northern region, and with double circuit transmission this could go up to 12,000 MW.