New Delhi, India --- (METERING.COM) --- February 14, 2012 - India’s Power Grid Corporation is to enter the smart grid and smart city business, among other new businesses over the next five years in the 12th Plan period (2012-17), the organization has said.

No details were given but a senior Power Grid executive was quoted anonymously as saying the organization plans “to develop the smart grid market in a big way… We will be very successful as everybody else is doing it in a piecemeal way.”

The other planned new businesses are renewable energy infrastructure development, transmission linkages with South Asian Association for Regional Cooperation (SAARC) countries, including Bangladesh, Nepal, Bhutan and Sri Lanka, and potential joint ventures for the development of major equipment such as towers and conductors.

The total capital investment planned for the 12th Plan is Rs100,000 crore (approximately US$20.3 billion).

Power Grid is India’s central transmission utility and also offers consultancy services as well as owns and operates a telecom network. Key projects under way include the development of 11 high capacity power transmission corridors across the country and the development of transmission systems associated with the ultra mega power projects.