Eight states to offer Rs 5,000-crore green-grid projects
Eight states to offer Rs 5,000-crore green-grid projects [Energy]
Eight states will issue tenders worth Rs 5,000 crore for projects in a renewable energy transmission network.
Tamil Nadu has issued the largest tender worth. Rajasthan, Karnataka, Gujarat and Andhra Pradesh will issue their tenders later this year.
The grid can handle 30,000 megawatt (Mw) of renewable energy. An additional system for 10,000 Mw will be issued, 50 per cent has already been issued.
The country’s renewable energy capacity is 40,000 Mw, of which wind power’s share is 26,000 Mw and solar power’s 7,000 Mw.
The green corridor, a Rs 40,000 crore transmission network for renewable energy, was envisaged by state-owned Power Grid Corporation in 2011.
Power Grid is setting up the first corridor connecting states rich in renewable energy. Work is also on for a second corridor connecting solar parks in Andhra Pradesh, Madhya Pradesh, Karnataka, Rajasthan and Gujarat.
The intra-state projects are worth Rs 11,000 crore. German bank KfW and the National Clean Energy Fund will pick up 40 % of the tab each and states 20 %.
These projects will be awarded through transparent bidding to speed up transmission for upcoming solar parks.
The move is in line with the government’s plan to open up power transmission to private investment.