Power Grid Corporation of India Limited (POWERGRID) laid the foundation stone for first-ever Electric Vehicle Charging Station (EVCS) in the state of Meghalaya at its office complex at Lapalang, Shillong. The EVCS are being developed under Faster Adoption and Manufacturing of (Hybrid) & Electric Vehicles (FAME) India Scheme Phase-II.
Under this scheme, POWERGRID shall be developing 11 EVCS in Shillong city (5 Public EVCS and 6 at government establishments). Each station shall have four 15 kW DC-001 Chargers and one 100 kW CCS-2/CHAdeMO Charger (dual gun) making it 66 charging points in Shillong city.
Out of the 11 locations, a Memorandum of Understanding (MoU) has been signed for four locations which include POWERGRID Office Complex at Lapalang, MTC Ware House at Demthring, MTC Parking Lot at Police Bazar and Polo Parking Lot at Polo.
POWERGRID has developed itself as one of the market leaders in EVCS business and has its presence in major cities of India like Hyderabad, Ahmedabad, Delhi, Bengaluru, Gurugram and Kochi. The company has presently 172,154 ckm of transmission lines, 262 Sub-stations and more than 446,940 MVA of transformation capacity.
With the adoption of latest technological tools and techniques, enhanced use of automation and digital solutions, POWERGRID has been able to maintain average transmission system availability >99%.
Electric Vehicle market is growing in the country. As per reports, India’s electric vehicle financing industry is projected to be worth Rs 3.7 lakh crore in 2030, which would be about 80 per cent of the current retail vehicle finance industry.
The government is planning to set up an institution to fund businesses with a focus on electric vehicles as well as facilitate new financial instruments for lending to the public transportation and commercial vehicle segment, Union minister Nitin Gadkari said last month.
Addressing the India Global Forum 2021, Gadkari said the government is planning to bring incentives for construction equipment vehicles to encourage them to become electric ones. “The government is planning to set up a financial institution to fund business with a focus on electric vehicles and facilitate new financial instruments for lending to the public transportation and commercial vehicle segment,” he said.
Gadkari noted that the government is giving highest priority for electric vehicles adoption in India. “India’s electric vehicles sector has been growing rapidly. The government is supporting domestic electric vehicle manufacturers,” he said.
