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Economy
Komal gupta

06/01/22 12:20 PM IST

Source: PIB

Green Energy Corridor Phase II

In News

The Cabinet Committee on Economic Affairs has approved Phase-II of the Green Energy Corridor for Intra-State Transmission System. 

About the Scheme

  • AIM – To to achieve the target of 450GW installed renewable energy capacity by 2030.
  • The Intra – State Transmission System under the GEC scheme will provide an additional transmission line with a transformation capacity of 27,500 Megavolt-Amperes (MVA) of the substations. 
  • The green corridor project is monitored by the Ministry of New and Renewable Energy through a Project Appraisal Committee and implemented by the respective State Transmission Utilities.
  • The scheme will enable grid integration and power evacuation of 20 GW of renewable energy power projects in seven states namely, Gujarat, Himachal Pradesh, Karnataka, Kerala, Rajasthan, Tamil Nadu and Uttar Pradesh. 
  • 33% of the project cost will be funded through Central Financial Assistance which will also help in the offsetting of Intra-State Transmission charges. This will ensure low power costs benefiting the end-users. 

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