The inter-state transmission network will transport the energy from the Vedanta group’s over 1,000 megawatt wind/solar hybrid projects currently under construction in Karnataka to the smelters in Rajasthan, Chhattisgarh, and Odisha.
“Over the next five years, we plan to increase the renewable capacity by 10-fold and invest close to Rs 50,000 crore into renewable generation. A large chunk of this investment will come to Karnataka,” said Pratik Agarwal, Managing Director, Sterlite Power.
Sterlite Power is owned by Vedanta group.
Speaking at the Global Investors’ Meet, Agarwal urged the Karnataka government to adopt an intra-state transmission model through PPP (public private partnership). “As electricity consumption grows at double digits, the state will need continuous strengthening of the grid. Many states have already tasted success with this model. We are already developing two critical transmission lines on behalf of the Government of India, one connecting Karnataka to Kerala and the other connecting it to Maharashtra via Goa. Both these lines will be critical for exchange of renewable energy in the coming years,” he elaborated.
