Cabinet Approves Green Energy Corridor Phase-2

 Green Energy Corridor : Relevance

• GS 3: Infrastructure: Energy, Ports, Roads, Airports, Railways etc.

 Green Energy Corridor: Context

• Recently, Ministry of New and Renewable Energy has approved the scheme on Green Energy Corridor (GEC) Phase-II for Intra-State Transmission System (InSTS).

 Green Energy Corridor: Key points

• The scheme will facilitate grid integration and power evacuation of approximately 20 GW of Renewable Energy (RE) power projects in seven States namely, Gujarat, Himachal Pradesh, Karnataka, Kerala, Rajasthan, Tamil Nadu and Uttar Pradesh.
• The scheme is targeted to be set up with total estimated cost of around 12,000 crore and Central Financial Assistance (CFA) @ 33 percent of the project cost.
• The transmission systems will be created over a period of five year from Financial Year 2021-22 to 2025-26.
• The Central Financial Assistance (CFA) will help in offsetting the Intra-State transmission charges and thus keep the power costs down.
• The scheme will help in achieving the target of 450 GW installed RE capacity by 2030.
• The scheme will also contribute to long term energy security of the country and promote ecologically sustainable growth by reducing carbon footprint. It will generate large direct & indirect employment opportunities for both skilled and unskilled personnel in power and other related sectors.
• This scheme is in addition to GEC-Phase-I which is already under implementation in the States of Andhra Pradesh, Gujarat, Himachal Pradesh, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan and Tamil Nadu for grid integration and power evacuation of approx. 24 GW of RE power and is expected to be completed by 2022.

What are Green Energy Corridors?

• The Green Energy Corridor Project aims at synchronizing electricity produced from renewable sources, such as solar and wind, with conventional power stations in the grid.

Also Read:

Also Read:

Sharing is caring!