The government agreed to invest 12,031 crore plan to set up infrastructure to transmit electricity assistance of 3,970.34 crore,from renewable energy projects. The investment approval by the Cabinet Committee on Economic Affairs (CCEA) is for the second phase of the green energy corridor will help supply 20 gigawatts (GW) of renewable energy to the national grid from Gujarat, Himachal Pradesh, Karnataka, Kerala, Rajasthan, Tamil Nadu and Uttar Pradesh.
The corridor forms an important component of the plan to maintain the grid frequency within the 49.90-50.05 Hz (hertz) band. An automatic generation control recently made operational sends signals to power plants every four seconds to maintain frequency, ensuring the power grid’s reliability.
The project will receive central financial
assistance of 3,970.34 crore, or a third of the project cost and the project is expected to help India meet the climate commitments that is made at the COP-26 summit in Glasgow.
The second phase of the green energy corridor project will include adding approximately 10,750 circuit km (ckm) of transmission lines and 27,500 mega volt-amperes (MVA) transformation capacity of substations.
“This will promote ecologically sustainable growth and contribute to the long term energy security of the country," Union power and new and renewable energy minister Raj Kumar Singh said.
“Today’s CCEA decision adds strength to India’s efforts of achieving the target of 450GW in the renewable energy sector. Other benefits include a boost to energy security and environment friendly growth," Modi said.
The first phase of the green energy corridor is under implementation in Andhra, Gujarat, Himachal Pradesh, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan and Tamil Nadu. It will help supply around 24GW of renewable energy by 2022.
“This will promote ecologically sustainable growth and contribute to the long term energy security of the country," Union power and new and renewable energy minister Raj Kumar Singh said in a tweet.
“Today’s CCEA decision adds strength to India’s efforts of achieving the target of 450GW in the renewable energy sector. Other benefits include a boost to energy security and environment friendly growth," Modi said in a tweet.
