Global investors may get to own power transmission lines in India – Feedback

Global investors may get to own power transmission lines in India as the government is looking at monetising the assets by offering equity to international pension funds aimed at mopping up Rs 10,000-12,000 crore investments.

The proposal aims at unlocking value of the existing power transmission lines to generate revenues that can be re-invested in strengthening transmission system and other infrastructure projects, a senior government official said. The government has asked Power Grid Corp of India (PGCIL) — the central transmission utility that owns and operates 95% of the country’s transmission network — to explore the possibility of offloading equity in certain power transmission lines to investors. PGCIL is in the process of appointing a consultant to suggest a workable business model, a company executive said.

http://economictimes.indiatimes.com/industry/energy/power/global-investors-may-get-to-own-power-transmission-lines-in-india/articleshow/52755795.cms

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