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Cabinet Approves ₹1.86 Lakh Crore Green Energy Plan for Power Lines, Battery Storage
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CNBC TV18•30-09-2026, 15:52
Cabinet Approves ₹1.86 Lakh Crore Green Energy Plan for Power Lines, Battery Storage
- •The Union Cabinet approved the ₹1.86 lakh crore Green Energy Corridor Phase-III (GEC-III) scheme to strengthen power networks and transmit up to 135 GW of renewable energy.
- •The scheme, targeted for completion by FY33, allocates ₹1,36,378 crore for state-level power transmission systems and ₹50,000 crore for 50 GWh of battery storage.
- •The Centre will provide ₹54,082 crore in financial support, aiming to offset transmission costs and keep electricity prices lower for consumers.
- •Battery storage systems will manage fluctuations in renewable power generation, network congestion, and peak period excess power, ensuring electricity availability when solar power is not active.
- •GEC-III will help India achieve its target of 900 GW of installed non-fossil fuel capacity by 2035, improve energy security, and create jobs in power, manufacturing, and construction sectors.
Key Questions Answered
The Union Cabinet approved the ₹1.86 lakh crore Green Energy Corridor Phase-III (GEC-III) scheme to strengthen power networks and transmit up to 135 GW of renewable energy.
The Centre will provide ₹54,082 crore in financial support under the scheme to help offset the cost of transmitting power within states and keep consumer electricity costs lower.
The scheme is targeted for completion by FY33 and will help India reach its target of 900 GW of installed non-fossil fuel capacity by 2035.
