The Government of India has approved ₹ 12,031 crore Green Energy Corridor Phase-II. The scheme will help in achieving the target 450 GW installed RE capacity by which year?

2030
2035
2025
2040

LohaHridoy

4 views

2025-01-04 04:42

1 Answers

AhmedNazir

Option 1 : 2030

The correct answer is 2030.

Green Energy Corridor Project for Intra-State Transmission System (InSTS)
- The Green Energy Corridor(GEC) Project aims at synchronizing electricity produced from renewable sources such as solar and wind with conventional power stations in the grid. Hence statement 2 is correct.
- Phase I of the Project:
  - It is being implemented by eight renewable-rich states of Tamil Nadu, Rajasthan, Karnataka, Andhra Pradesh, Maharashtra, Gujarat, Himachal Pradesh, and Madhya Pradesh.
  - Under this phase, the target is to install 9,700 circuit km of transmission lines and 22,600 MegaVolt-Amperes(MVA) transformation capacity of substations by 2022.
  - The funding mechanism consists of a 40% Government of India Grant, 20% state equity and a 40% loan from KfW Bank, Germany.
- Phase II of the Project:
  - It is being implemented in seven States namely, Gujarat, Himachal Pradesh, Karnataka, Kerala, Rajasthan, Tamil Nadu and Uttar Pradesh.
  - Under this phase, the target is to install 10,750 circuit km of transmission lines and 27,500 MegaVolt-Amperes(MVA) transformation capacity of substations by 2025-26.
  - The Centre will provide assistance at 33% of the cost of the project.
- Prime Minister has pledged to increase the country’s non-fossil fuel power generation capacity to 500GW and meet 50% of its energy requirements from renewable sources by the end of this decade. So there is a need for integration.
- The scheme will help in achieving the target of 450 GW installed RE capacity by 2030.
- It will also contribute to the long-term energy security of the country and promote ecologically sustainable growth by reducing the carbon footprint.

4 views Answered 2022-09-04 04:29

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