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Cabinet approves Rs 12,000 crore for 2nd phase of Green Energy Corridor

In the first phase, already 80 per cent of the phase has been completed and remaining works is expected to be completed in 2022
Last Updated 06 January 2022, 17:19 IST

The Cabinet on Thursday approved Rs 12,000 crore for the second phase of the Green Energy Corridor to facilitate grid integration and power evacuation of about 20 GW of renewable energy projects in seven states.

The scheme targets to add approximately 10,750 circuit kilometres of transmission lines and about 27,500 mega volt-amperes transformation capacity of sub-stations.

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, said a statement from the Union Ministry of Power.

The second phase will be implemented during 2021-22 to 2025-26 fiscal years. The central assistance is 33 per cent of the total investment.

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 and indirect employment opportunities for both skilled and unskilled personnel in power and other related sectors, said the statement.

In the first phase, already 80 per cent of the phase has been completed and remaining works is expected to be completed in 2022. The outlay of the first phase was Rs 10,142 crore, 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 approximately 24 GW of RE power, said the statement.

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(Published 06 January 2022, 12:53 IST)

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