The Daily PulseBusiness
Union Cabinet Clears Green Energy Corridor Phase-III Worth Rs 1.86 Lakh Crore
Reported by Abhishek Tiwari (Copy Editor) · The Hindu - Business ·
Confirmed by a second source: Business Standard - Top Stories
Representative image · Wikimedia CommonsProject Approval and Outlay
The Union Cabinet approved the Green Energy Corridor Phase-III scheme with a total project cost of ₹1,86,405 crore. Chaired by Prime Minister Narendra Modi, the cabinet cleared the plan to build an intra-state transmission system and battery storage network.
Scheme Details and Targets
The initiative aims to evacuate up to 135 gigawatts of renewable energy across states and union territories. The project outlay includes ₹1,36,378 crore for intra-state transmission systems and ₹50,000 crore to deploy 50 gigawatt-hours of battery energy storage systems. Central financial support totals ₹54,082 crore to help lower power costs for consumers.
Implementation and Goals
Greenfield projects will use tariff-based competitive bidding, while brownfield upgrades will run on a cost-plus basis. State transmission utilities will act as the overall implementing agencies. The scheme targets completion by the 2032-33 financial year to support India's goals of 500 gigawatts of renewable capacity by 2030 and 900 gigawatts of non-fossil capacity by 2035.
Context
Large-scale renewable energy projects require robust transmission networks to carry power from generation sites to population centers without losing electricity along the way. Battery storage systems help stabilize power grids by storing excess electricity generated during peak hours and supplying it when demand rises or solar generation drops.
ExplainerWhy this matters
What Happened
The Union Cabinet approved Phase-III of the Green Energy Corridor scheme with a ₹1.86 lakh crore outlay to build intra-state transmission lines and deploy 50 GWh of battery storage for renewable energy.
Why It Matters
India is scaling up renewable energy rapidly to meet climate goals, but green power sources like solar and wind produce electricity intermittently depending on weather and time of day. Without adequate transmission lines and large-scale battery storage, power grids face congestion and cannot reliably handle massive surges in clean energy generation.
What Happens Next
State transmission utilities will oversee the rollout of projects through competitive bidding and cost-plus models, with the physical infrastructure targeted for completion by fiscal year 2032-33.
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