Cabinet Clears Rs 1.86 Lakh Crore Green Energy Corridor Plan
The Union Cabinet has approved a Rs 1.86 lakh crore renewable energy programme. The Green Energy Corridor Phase-III scheme will strengthen power grids and add battery storage.
The decision was chaired by Prime Minister Narendra Modi. The plan aims to evacuate up to 135 GW of renewable energy across states and union territories.
About Rs 1.36 lakh crore will go to intra-state transmission systems. Another Rs 50,000 crore will fund 50 GWh of battery energy storage. The scheme includes Rs 54,082 crore in central financial support. That support is meant to offset transmission charges and keep power costs lower for consumers.
The project will build 51,126 circuit km of transmission lines. It will add 2,28,903 MVA of transformation capacity. The programme is targeted for completion by FY 2032-33.
Union Minister Ashwini Vaishnaw said the grid must be designed differently as renewable share rises. The scheme supports India’s goal of 500 GW of non-fossil capacity by 2030.
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