In order to speed up the penetration of renewable power in the states, the Union Cabinet on Thursday accredited the second section of the Green Energy Corridor (GEC). The tasks in this section can be arrange in seven states to expedite the transmission of renewable power.
GEC is an alternate transmission system for renewable power (RE) energy tasks. During the primary section of GEC, inter-state transmission tasks have been constructed by state-owned Power Grid Corporation of India (PGCIL) and a few tasks have been awarded to non-public gamers by way of aggressive bidding.
The second section will intention so as to add roughly 10,750 circuit kilometres (ckm) of transmission strains and approx. 27,500 Mega Volt-Amperes (MVA) transformation capability of substations. The price of the present section is estimated at Rs 12,031.33 crore and Central Financial Assistance (CFA) of 33 p.c of the venture price i.e. Rs 3,970.34 crore.
While the sooner two phases aimed toward transmission of 175 Gw of RE energy, the upcoming phases can be for realisation of 450 Gw of RE in this decade. Projects in this section will intention to strengthen the facility transmission capability of state grids.
The scheme will facilitate grid integration and energy evacuation of roughly 20 GW of Renewable Energy (RE) energy tasks in seven States particularly, Gujarat, Himachal Pradesh, Karnataka, Kerala, Rajasthan, Tamil Nadu and Uttar Pradesh, the Centre stated in an assertion.
“The scheme will even contribute to long run power safety of the nation and promote ecologically sustainable development by lowering carbon footprint. It will generate giant direct & oblique employment alternatives for each expert and unskilled personnel in energy and different associated sectors,” stated the Centre’s observe.
The tasks can be awarded by way of aggressive bidding and open for non-public firms to take part.
The final spherical of energy transmission tasks for connecting renewable power zones in 2019 with the nationwide grid noticed main non-public firms bringing down venture price by 40-50 per cent.
These tasks can be in line 44 new energy transmission tasks price Rs 41,369 crore, which have been accredited just lately, this paper had reported. This tranche of tasks would evacuate near 38 Gw of renewable power from Western and Northern components of the nation.