Andhra Pradesh's ₹27,370 crore power transmission project gets Centre nod
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Centre approved a ₹27,370 crore power transmission project for Andhra Pradesh under the Green Energy Corridor Phase-III scheme.
- ✓This plan aims to evacuate renewable energy by 2032-33.
- ✓A source said, "The central assistance will lower intra-state transmission charges and discom power purchase costs." The first phase starts by 2029-30.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Business Standard
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
The Centre is providing financial support of ₹54,082 crore to offset intra-state transmission charges (Representative Image)
The central government has approved the expansion of the power transmission network in Andhra Pradesh with an investment of ₹27,370 crore under the Green Energy Corridor Phase-III scheme, and the first phase of the project is expected to be commissioned in 2029-30, a government source told Business Standard.
This comes after the Union Cabinet's approval of the ₹1.86 trillion Green Energy Corridor Phase-III (GEC-III) scheme on September 30 to evacuate up to 135 gigawatts (GW) of renewable energy through state transmission networks by 2032-33. Of the total outlay, around ₹1.36 trillion is for intra-state transmission (InSTS) and ₹50,000 crore for 50 gigawatt-hours (GWh) of battery energy storage systems (BESS). The Centre is providing financial support of ₹54,082 crore to offset intra-state transmission charges.
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