Cabinet approves Green Energy Corridor Phase-III scheme
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Union Cabinet on Wednesday approved the Green Energy Corridor Phase-III scheme.
- ✓This project aims to evacuate 135 gigawatts of renewable energy by FY 2032-33.
- ✓With a total outlay of ₹1,86,405 crore, it includes battery storage systems.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Business Line
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
The Union Cabinet on Wednesday approved the Green Energy Corridor Phase-III (GEC-III) scheme. This historic initiative will strengthen India's Intra-State Transmission System (InSTS) to enable evacuation of up to 135 gigawatts (GW) of renewable energy across States/Union Territories.
Information and Broadcasting Minister Ashwini Vaishnaw, who briefed the media on Cabinet decisions, said the scheme also provides for deployment of 50 GWh of Battery Energy Storage Systems (BESS) at the renewable energy (RE) developer/generator end or any other location of importance for grid flexibility to address intermittency, congestion, peak-hour curtailment and meet non-solar hour demand.
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