UN climate chief hails India's Green Energy Corridor-III, says grid strengthening will deliver "big dividends"
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- ✓UN climate chief Simon Stiell welcomed India’s Rs 1.86 lakh crore Green Energy Corridor Phase-III.
- ✓He said, "India's grid strengthening and battery storage scheme is a major step forward that will deliver big dividends for India's people and economy." This project aims to support 135 GW of renewable power by 2033.
Story at a Glance
- Category
- MARKET
- Reported By
- Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
India's Rs 1.86 lakh crore Green Energy Corridor Phase-III has won backing from the UN's top climate official, who said stronger grids and battery storage could boost energy security, jobs and economic growth. The scheme aims to enable evacuation of about 135 GW of renewable power, deploy 50 GWh of battery storage and support India's 500 GW non-fossil capacity target for 2030.
New Delhi: UN Climate Change Executive Secretary Simon Stiell has welcomed India's approval of the Rs 1.86 lakh crore Green Energy Corridor Phase-III (GEC-III), describing the grid strengthening and battery storage scheme as a major step that will deliver "big dividends" for the country's people and economy.
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Economic Times
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