2nd phase of Green Energy Corridor
GS Paper - 3 (Energy)
The government on 6 January 2022 approved the second phase of the Green Energy Corridor with an outlay of Rs 12,031 crore to facilitate grid integration and power evacuation of about 20 GW of renewable energy projects in seven states. The Cabinet Committee on Economic Affairs approved the scheme on Green Energy Corridor (GEC) Phase-II for Intra-State Transmission System (InSTS) for addition of approximately 10,750 circuit kilometres (ckm) of transmission lines and approx.
- The scheme will facilitate grid integration and power evacuation of about 20 GW of renewable energy (RE) projects in seven states -- Gujarat, Himachal Pradesh, Karnataka, Kerala, Rajasthan, Tamil Nadu and Uttar Pradesh.
- The second phase will be implemented during 2021-22 to 2025-26 fiscal years.
- The scheme (Phase-II) is targeted to be set up with a total estimated cost of Rs 12,031.33 crore. The Central Financial Assistance (CFA) will be 33 per cent of the project cost that is Rs 3,970.34 crore.
- The CFA will help in offsetting the intra-state transmission charges and keep the power costs down. Thus, the government support will ultimately benefit the end users.
- The scheme will help in achieving the target of 450 GW installed RE capacity by 2030.
- It will also contribute to long-term energy security of the country and promote ecologically sustainable growth by reducing the carbon footprint.
- 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 about 24 GW of RE.
- GEC is an alternative transmission system for renewable energy (RE) power projects.
- During the first phase of GEC, inter-state transmission projects were constructed by state-owned Power Grid Corporation of India (PGCIL) and some projects were awarded to private players through competitive bidding.