New Delhi: Looking to diversify its business activities, state-run transmission utility Power Grid is exploring entry into management of electricity distribution networks.
Power Grid Corporation of India Ltd (PGCIL) has received the board's approval for the plan.
In a regulatory filing, Power Grid said it is exploring the entry into "wire business of the distribution sector in power system".
A senior company official said the entity was looking at managing electricity distribution networks.
According to the company, it would be "filing a petition with Odisha Electricity Regulatory Commission (OERC) for exploring issuance of distribution licence for 'Wire Business' only... In the state of Odisha".
In July, another senior company official had said Power Grid was mulling foray into electricity distribution sector and was in talks with various states, including Uttar Pradesh and Odisha, for the same.
Power Grid is into setting up electricity transmission network.
In the current Five-Year Plan ending March 2017, Power Grid expects to see a capital expenditure of Rs 1 lakh crore and most of the required funds have already been tied up.
Power Grid plans to add about 40,000 circuit kilometres in the 12th Five-Year Plan period (2012-17). At present, it has over 94,000 circuit kilometres of lines.
One circuit kilometre generally refers to one kilometre of electrical transmission line.
First Published: Wednesday, October 17, 2012, 21:44