Govt approves high-capacity power corridor to support clean energy boom
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓India approved a high-capacity power corridor to carry clean electricity from western hubs to eastern industrial centres.
- ✓The project will cost nearly ₹68,800 crore and take six years to complete.
- ✓This 1,150-kV system will help India reach its target of 500 gigawatts of non-fossil power generation by 2030.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Business Standard
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
India has approved plans for a high-capacity power transmission corridor to carry clean electricity from its western generation hubs to growing industrial and urban demand centres in the east.
The project is estimated to cost nearly ₹68,800 crore ($7.34 billion) and take about six years to complete.
The 1,150-kilovolt (kV) system would be India's highest-voltage power network, allowing the dispatch of much larger volumes of electricity nationwide than present 765-kV lines.
India's national transmission panel approved the project, according to minutes of a meeting released late Tuesday.
India is adding renewable energy at a record pace along with battery storage, as it targets 500 gigawatts of non-fossil power generation by 2030, from more than 300 GW now.
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