The Government of India approved Green Energy Corridor Phase II. The estimated outlay of the phase is Rs 12,031 crores. Under this phase, 10,750 kilometres of transmission lines are to be constructed and 27,500 MVA sub stations are to be added. MVA is Mega Volt Ampere. These additions are of the generated in different parts of the country. The project is to be implemented in seven states. They are Uttar Pradesh, Tamil Nadu, Rajasthan, Kerala, Karnataka, Himachal Pradesh and Gujarat.
The Green Energy Corridor Phase II will be implemented between 2021-22 and 2025-26.
33% of the project cost is to be provided by the central government. That is, Rs 3,970 crores. The Central Governments assistance will reduce the intra state transmission costs. And will ultimately reduce the cost of the power supplied.
It will help India achieve its target of 450 GW of renewable energy by 2030.
It will generate direct and indirect EMPLOYMENT opportunities.
The project will boost Energy Security of the country.
It is being implemented in Tamil Nadu, Andhra Pradesh, Himachal Pradesh, Gujarat, Maharashtra and Rajasthan. It aims to generate 24 GW of renewable power. It is to be completed by 2022. It will add 22,600 MVA of substations and 9,700 km of transmission lines. This is being implemented at a cost of Rs 10,141 crores. Here the central government has contributed Rs 4.056 crores, that is, 33% of the cost.