Cabinet Boosts POWERGRID Investment Cap for Green Energy Transmission

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Cabinet Boosts POWERGRID Investment Limit to Accelerate Green Energy Transmission

PowerGrid | PowerGrid has received a letter of award for setting up a 2,000 MWh battery energy storage project in Andhra Pradesh. The project includes a 150 MW/300 MWh battery energy storage system at the 400/220 kV Kalikiri substation in Chittoor district.

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CNBC TV18•24-02-2026, 17:33

Cabinet Boosts POWERGRID Investment Limit to Accelerate Green Energy Transmission

•Cabinet approves higher investment limit for POWERGRID to enhance renewable energy transmission.
•Permissible equity investment limit increased from ₹5,000 crore to ₹7,500 crore per subsidiary.
•Move enables POWERGRID to expand investment in core business and support 500 GW non-fossil energy target.
•POWERGRID can now bid for capital-intensive projects like UHVAC and HVDC transmission networks.
•Aims for better price discovery and affordable, clean energy for consumers.

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