Power Grid plans green corridor for renewable energy

By Business Line:

Power Grid Corporation has a Rs 42,000-crore plan for setting up an exclusive countrywide green corridor for renewable energy transmission.

Presenting the company’s Q1 results here on Wednesday, Mr R. N. Nayak, Chairman and Managing Director, said this would be done over a period of five years. The investment was for transmission of 40 GW of renewable energy capacity by 2030.

About Rs 20,000 crore would be for intra-state strengthening and Rs 22,000 crore for inter-state transmission systems for grid integration. This would also include other work such as energy storage, real time monitoring system and setting up of renewable energy management centre.

On renewable energy certificates, he said Power Grid’s subsidiary, Power System Operation Co (POSOCO) was the designated central agency. Cumulatively, RECs worth over Rs 4,000 crore were traded till June 30… Read more

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