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Cabinet Clears Rs 12,000 Crore Green Energy Passage

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Union cabinet has actually cleared the 2nd stage of the green energy corridorThe union cabinet has authorized the second stage of the green energy passage of the intra-state transmission system.

It will involve a cost of Rs 12,000 crore.Under the scheme, around 10,750 circuit kilometres of transmission lines and around 27,500 mega volt amperes change capability of sub-stations will be added, main sources said.In all, it will achieve grid combination and power evacuation of around 20 gega watts (GW) of renewable resource in seven states.

Minister for details and broadcasting Anurag Thakur told media persons after the cabinet meeting that the 2nd stage will be executed between 2021-22 and 2025-26.

The central help to the job is 33 percent of the overall investment, the minister said, adding that 80 per cent of the stage one work has actually been completed.The outlay of the first phase was Rs 10,142 crore.The 7 states where grid combination will be attained, consist of Tamil Nadu, Gujarat, Kerala, Karnataka, Uttar Pradesh, Rajasthan and Himachal Pradesh.The scheme is an essential component of India's plans to produce 500 GW of renewable resource by 2030.

German state-owned investment and advancement bank group KfW will supply the loans for the plan.

It is the world's largest nationwide advancement bank.




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