The Union Cabinet has approved the Rs 1,86,405 crore Green Energy Corridor Phase-III (GEC-III), the country's largest push yet to build the transmission backbone its clean-energy ambitions need.
Announced after the Cabinet meeting on Wednesday by Information and Broadcasting Minister Ashwini Vaishnaw, the scheme is aimed at strengthening intra-state transmission systems so that up to 135 gigawatts of renewable energy can be evacuated across states and union territories. It is targeted for completion by FY 2032-33.
Where the money goes
Of the total outlay, Rs 1,36,378 crore is earmarked for developing and strengthening intra-state transmission systems, while Rs 50,000 crore will fund 50 GWh of battery energy storage systems — the...