Cabinet approves Rs 1.86 lakh crore electricity grid upgrade scheme
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- ✓The Union Cabinet approved a Rs 1.86 lakh crore electricity grid upgrade scheme on Wednesday.
- ✓This plan aims to evacuate 135 GW of renewable energy and add 50 GWh of battery storage.
- ✓Ashwini Vaishnaw said, "The grid has to be designed to take the load of that variation." It helps India.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Economic Times
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
The Union Cabinet has approved a significant Rs 1.86 lakh crore scheme for upgrading the electricity grid. This initiative aims to evacuate 135 GW of renewable energy and establish 50 GWh of battery energy storage. New transmission lines will be awarded through Tariff-Based Competitive Bidding, ensuring efficient project delivery. Additionally, renewable energy developers will receive support for battery energy storage projects.
The Union Cabinet approved a Rs 1.86 lakh crore scheme electricity grid upgradation programme Wednesday. This aims to evacuate 135 GW renewable energy and deploy 50 GWh battery energy storage. Announcing the PM DHARA (Developing Harmonized and Accelerated Renewable energy Access), Union Information Broadcasting Minister Ashwini Vaishnaw said new (greenfield) lines will be awarded through Tariff-Based Competitive Bidding, with transmission service providers building, owning, operating and maintaining the assets.
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Economic Times
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