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GEC-III Scheme to Power India's RE Sector: Rs 1.86 Lakh Crore Investment Approved
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News18•01-10-2026, 15:15
GEC-III Scheme to Power India's RE Sector: Rs 1.86 Lakh Crore Investment Approved
- •The Union Cabinet approved the Rs 1.86 lakh crore GEC-III Scheme to establish an intra-state transmission system with 50 GWh battery storage, aiming to evacuate 135 GW of renewable energy by FY2032-33.
- •Industry experts highlight that the GEC-III scheme will enhance grid reliability, reduce curtailment, and ensure transmission investments keep pace with India's ambitious renewable energy and electricity demand goals.
- •The scheme, which integrates transmission and storage, is expected to initiate a new growth phase for the renewable sector, addressing concerns about delays caused by insufficient transmission capacity.
- •Vineet Mittal, Avaada Group Chairman, emphasized the opportunity for India to develop capabilities in designing, manufacturing, installing, and maintaining these systems at scale, requiring investment in quality, engineering, skilled personnel, and sustained innovation.
- •Piyush Goyal, Volks Energie CEO, noted that the 50 GWh battery storage at the generator-end directly tackles the issue of curtailment, which has been a hidden cost due to generation capacity outstripping grid's ability to carry it.
Key Questions Answered
The Union Cabinet approved the Rs 1.86 lakh crore GEC-III Scheme to establish an intra-state transmission system with battery storage.
The scheme combines 50 GWh of battery storage capacity with a total government funding of Rs 54,000 crore to support renewable energy evacuation.
The scheme focuses on improving grid reliability, reducing energy curtailment, and ensuring transmission investments keep pace with India's renewable and electricity-demand ambitions up to FY2032-33.
