Cabinet approves Rs 12,031-Cr Green Energy Corridor scheme
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, approved the phase 2 of Green Energy Corridor (GEC) scheme for Intra-State Transmission System (InSTS) with estimated cost of Rs. 12,031.33 crore.
Around 10,750 circuit kilometres (ckm) of transmission lines and 27,500 Mega Volt-Amperes (MVA) transformation capacity of substations will be added under this scheme that will facilitate grid integration and power evacuation of approximately 20 GW of renewable energy (RE) power projects in Gujarat, Himachal Pradesh, Karnataka, Kerala, Rajasthan, Tamil Nadu and Uttar Pradesh.
The scheme will receive Central Financial Assistance (CFA) of 33% of the project cost i.e. Rs. 3,970.34 crore. The transmission systems will be created over a period of five year from Financial Year 2021-22 to 2025-26.
This scheme is in addition to GEC-Phase-I which is already under implementation in 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. The scheme is for addition of 9,700 ckm of transmission lines and 22,600 MVA capacity of substations having estimated cost of transmission projects of Rs. 10,141.68 crore with Central Financial Assistance (CFA) of Rs. 4,056.67 crore.
