Green Energy Corridor Phase ­II

  • February 28, 2023
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
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Green Energy Corridor Phase ­II

Subject : Economy

Section: Msc

Concept :

About

  • The Green Energy Corridor Project aims at synchronizing electricity produced from renewable sources, such as solar and wind, with conventional power stations in the grid.
  • Green Energy Corridor is an intra-/ inter-state transmission system which is being implemented by eight renewable rich states in India – Tamil Nadu, Rajasthan, Karnataka, Andhra Pradesh, Maharashtra, Gujarat, Himachal Pradesh and Madhya Pradesh.
  • Intra-State Transmission System is being implemented by respective State Transmission Utilities (STU) and Inter-State Transmission System is being implemented by Power Grid Corporation of India Ltd. (PGCIL).
  • The scheme will facilitate grid integration and power evacuation of about 20 GW of renewable energy (RE) projects in seven states.

Green Energy Corridor Phase 1

  • The Government of India initiated the Green Energy Corridor project in 2013.
  • It is under implementation in renewable resource rich states for the likely renewable power capacity addition during 12thFive Year Plan period.
  • The first phase of green energy corridors is under implementation in Andhra Pradesh, Gujarat, Himachal Pradesh, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan and Tamil Nadu and will help supply around 20 GW of renewable energy by 2022.

Green Energy Corridor Phase 2

  • It will facilitate grid integration and power evacuation of approximately 20 GW of Renewable Energy (RE) power projects in seven States namely, Gujarat, Himachal Pradesh, Karnataka, Kerala, Rajasthan, Tamil Nadu and Uttar Pradesh.
  • The transmission systems will be created over a period of five year from Financial Year 2021-22 to 2025-26.
  • It is targeted to be set up with a total estimated cost of Rs. 12, 031 crores, and the Central Finance Assistance (CFA) will be 33% of the project cost.
  • The CFA will help in offsetting the Intra-State transmission charges and thus keep the power costs down.
  • The scheme will help in achieving the target of 450 GW installed RE capacity by 2030.

Significance:

  • It will contribute to the long-term energy security of India and will promote ecologically sustainable growth by reducing carbon footprint.
  • It will facilitate in generating large direct and indirect employment opportunities for both the skilled and unskilled personnel.
economy Green Energy Corridor Phase ­II