Cabinet Clears Rs 12,000 Crore Green Energy Passage

INSUBCONTINENT EXCLUSIVE:
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.