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Union Cabinet Approves Rs 1.86 Lakh-Crore Green Energy Corridor to Boost Renewable Power
M
Moneycontrol•15-10-2026, 12:13
Union Cabinet Approves Rs 1.86 Lakh-Crore Green Energy Corridor to Boost Renewable Power
- •The Union Cabinet approved the Green Energy Corridor Phase-III scheme with an outlay of Rs 1,86,405 crore to evacuate up to 135 GW of renewable energy.
- •The project will deploy 50 GWh of battery energy storage capacity along with 51,126 circuit km of new transmission lines.
- •The scheme will receive Rs 54,082 crore in Central Financial Support to help offset intra-state transmission charges and lower power costs.
- •Implementation will be driven by PM Gati Shakti planning and tariff-based competitive bidding, targeting completion by FY 2032-33.
- •The initiative aims to resolve transmission bottlenecks and grid variability issues in renewable-rich states like Rajasthan and Gujarat.
Key Questions Answered
The Union Cabinet approved the Green Energy Corridor Phase-III (GEC-III) scheme with a total outlay of ₹1,86,405 crore to develop intra-state transmission infrastructure and battery storage.
The GEC-III scheme will receive ₹54,082 crore in Central Financial Support, which includes funds for intra-State transmission systems, viability gap funding for battery energy storage systems, and programme management.
The Green Energy Corridor Phase-III programme is targeted for completion by FY 2032-33.
