When completed, the approximately 1,800-kilometre-long two-way transmission line will have the capacity to meet the electricity needs of over 80 million people in India. This link will assist India on the journey towards increasing amounts of renewable power, by bringing large amounts of renewable energy to the high consumption centers. When wind strength is low, it will support electricity demand in the South, and when it is in excess, transmit clean energy to the North.
Shares of ABB India Ltd is currently trading at Rs860.85, up by Rs1.05 or 0.12% from its previous closing of Rs859.80 on the BSE.
That is also one of the key initiatives of the Government of India to increase renewable energy capacity to 450 gigawatts in the nation’s electricity mix, and is aligned with the UN Sustainable Development Goal of affordable and clean energy.
“This is a proud moment for us. We have been involved in this project since 2016. With the completion of the first phase of the 6,000 MW +/-800 kV UHVDC project, braving difficulties posed by the Covid-19 pandemic, we will enable clean and reliable power for millions of people in the country. We are strongly committed to supporting the Government’s mission to bring 24/7 reliable power to all,” said N Venu, Managing Director, Hitachi ABB Power Grids India.
Hitachi ABB Power Grids is the global market leader and partner of choice for stronger, smarter and greener grids around the world. The company has an impressive HVDC track record in India, where it introduced the technology over 30 years ago with the Vindhyachal project in 1989. Raigarh-Pugalur is the company’s sixth HVDC project in India and the second UHVDC installation, following the multi-terminal North-East Agra link.