Cabinet Clears Rs 12,000 Crore Green Energy Corridor

Published:Nov 29, 202308:06
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Cabinet Clears Rs 12,000 Crore Green Energy Corridor

Cabinet Clears Rs 12,000 Crore Green Energy Corridor

Union cupboard has cleared the second part of the inexperienced vitality hall

The union cupboard has authorised the second part of the inexperienced vitality hall of the intra-state transmission system. It will entail a value of Rs 12,000 crore.Under the scheme, round 10,750 circuit kilometres of transmission strains and round 27,500 mega volt amperes transformation capability of sub-stations can be added, official sources stated.In all, it is going to obtain grid integration and energy evacuation of round 20 gega watts (GW) of renewable vitality in seven states. Minister for info and broadcasting Anurag Thakur advised media individuals after the cupboard assembly that the second part can be applied between 2021-22 and 2025-26.The central help to the venture is 33 per cent of the full funding, the minister stated, including that 80 per cent of the part one work has been accomplished.The outlay of the primary part was Rs 10,142 crore.The seven states the place grid integration can be achieved, embody Tamil Nadu, Gujarat, Kerala, Karnataka, Uttar Pradesh, Rajasthan and Himachal Pradesh.The scheme is an important part of India's plans to generate 500 GW of renewable vitality by 2030. German state-owned funding and growth financial institution group KfW will present the loans for the scheme. It is the world's largest nationwide growth financial institution.

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