Green Energy Corridor-III: The ball is now in states' court
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓On September 30, the government announced the ₹1.86-lakh-crore Green Energy Corridor-III project.
- ✓The centre will provide ₹55,000 crore, while states must raise the rest.
- ✓This pan-India plan focuses on intra-state transmission and battery storage.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Business Line
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
On September 30, the government announced the ₹1.86-lakh-crore Green Energy Corridor-III project, chipping in with ₹55,000 crore and leaving the rest to be brought in or raised by State governments.
GEC-III differs from the previous iterations in scope and geographical coverage. The first two were meant to evacuate 24 GW and 20 GW, respectively, at an outlay of ₹10,142 crore and ₹12,031 crore, whereas GEC-III has a much bigger outlay and is for 135 GW.
However, there are two other fundamental differences. First, GEC-III is essentially meant for strengthening intra-State transmission; the previous two were for inter-State -- eight and seven renewable energy-rich states, respectively. GEC-III is pan-India.
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