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.