GOI approves Rs 135.95 billion worth transmission projects

24 Jun 2024 CW Team

The government has greenlit new Inter State Transmission System (ISTS) projects worth Rs 135.95 billion aimed at evacuating 9 gigawatts (GW) of renewable energy (RE) from Rajasthan and Karnataka.

These projects will utilise the tariff-based competitive bidding (TBCB) mode. They are part of the country's ambitious plan to achieve 500 GW of renewable energy capacity by 2030, with 200 GW already connected.

The Rajasthan Renewable Energy Zone (REZ) power evacuation scheme is set to handle 4.5 GW of RE power from various complexes: 1 GW from Fatehgarh, 2.5 GW from Barmer, and 1 GW from Nagaur (Merta). The power will be transmitted to Mainpuri Region, Fatehpur, and Orai in Uttar Pradesh, with a projected completion period of two years and an estimated cost of Rs 122.41 billion.

Similarly, the system strengthening scheme in Karnataka aims to evacuate 4.5 GW of RE power from Koppal and Gadag areas, scheduled for completion by June 2027 at an estimated cost of Rs 13.54 billion.

The new government administration continues to prioritise expanding transmission and storage capacities to integrate more renewable energy into the grid and ensure grid stability.

Earlier discussions led by Union Power Minister Manohar Lal Khattar emphasised on enhancing storage and transmission capabilities, aligning with projections indicating India's storage capacity requirement growing from around 12 GW in FY24 to approximately 70 GW by FY30, assuming average storage duration of 4 hours per GW.

(Source: Hindu BusinessLine)

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