CENTRAL GOVT ENDORSES GREEN ENERGY CORRIDOR PHASE-II WITH ₹12,000-CRORE COST


The Government on January 6 supported the second period of the Green Energy Corridor with a cost of ₹12,031 crore to work with framework reconciliation and power clearing of around 20 GW of environmentally friendly power projects in seven states.

"The Cabinet Committee on Economic Affairs, led by Prime Minister Narendra Modi, today endorsed the plan on Green Energy Corridor [GEC] Phase-II for Intra-State Transmission System (InSTS) for expansion of roughly 10,750 circuit kilometers [ckm] of transmission lines and approx. 27,500 Mega Volt-Amperes (MVA) change limit of substations," an authority articulation said.

The plan will work with framework mix and power clearing of around 20 GW of environmentally friendly power (RE) projects in seven states — Gujarat, Himachal Pradesh, Karnataka, Kerala, Rajasthan, Tamil Nadu and Uttar Pradesh.

Reporting the choice, Union Minister Anurag Thakur said the subsequent stage will be carried out during 2021-22 to 2025-26 monetary years.

The Minister added that 80% of the stage one work has been finished. The expense of the principal stage was ₹10,142 crore.

The assertion said the plan (Phase-II) is focused on to be set up with all out assessed cost of ₹12,031.33 crore. The Central Financial Assistance (CFA) will be 33% of the undertaking cost, that is ₹3,970.34 crore.

The CFA will help in counterbalancing the intra-state transmission charges and keep the power costs down. Consequently, the public authority backing will eventually help the end clients, it added.

The plan will help in accomplishing the objective of 450 GW introduced RE limit by 2030.

It will likewise add to long haul energy security of the nation and advance biologically practical development by decreasing the carbon impression.

Furthermore, it will create enormous immediate and backhanded business valuable open doors for both talented and incompetent faculty in power and other related areas, the assertion said.

This plan is notwithstanding GEC Phase-I which is now under execution in Andhra Pradesh, Gujarat, Himachal Pradesh, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan and Tamil Nadu for framework incorporation and power clearing of around 24 GW of RE.

It is relied upon to be finished for the current year.

The Phase-I is for expansion of 9,700 ckm of transmission lines and 22,600 MVA limit of substations having assessed cost of transmission undertakings of ₹10,141.68 crore, with CFA of ₹4,056.67 crore.