The Union Cabinet has approved the Green Energy Corridor Phase-III (GEC-III) scheme to strengthen intra-state transmission systems and support the evacuation of up to 135 GW of renewable energy across states and union territories. The scheme, targeted for completion by FY 2032-33, has a total outlay of Rs 1.86 trillion.
Of the total outlay, Rs 1.36 trillion will be allocated for intra-state transmission infrastructure, while Rs 500 billion will be used to deploy 50 GWh of battery energy storage systems. The storage capacity will be deployed at renewable energy developer or generator locations and other grid locations to address intermittency, congestion, peak-hour curtailment and non-solar hour demand. The scheme provides central financial support of Rs 540.82 billion to help offset intra-state transmission charges and reduce the cost of renewable power. Greenfield transmission projects will be implemented through tariff-based competitive bidding, while brownfield upgrades and network strengthening will follow the cost-plus basis.