India Approves INR1.9 Trillion Green Energy Corridor Scheme

MT Newswires Live
Oct 01

India approved the Green Energy Corridor Phase-III scheme to strengthen intra-state power transmission systems and enable the evacuation of up to 135 GW of renewable energy, according to a government statement on Wednesday.

The scheme has a total outlay of 1.86 trillion rupees, including 1.36 trillion rupees for intra-state transmission systems and 500 billion rupees for 50 GWh of battery energy storage systems.

The scheme is targeted for completion by fiscal 2033 and is intended to improve grid flexibility, reduce renewable energy curtailment, and support power demand during non-solar hours.

The initiative is also aimed at supporting India's target of 900 GW of installed non-fossil capacity by 2035, the government said.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10