India approves $1.63bn renewable energy evacuation schemes

The new schemes will evacuate 9GW of renewable energy from the states of Rajasthan and Karnataka.

Umesh Ellichipuram June 24 2024

The government of India has sanctioned new interstate transmission system schemes worth Rs135.95bn ($1.63bn) to facilitate the evacuation of 9GW of renewable energy from the states of Rajasthan and Karnataka.

The initiatives are part of India's goal to achieve 500GW of renewable energy by 2030, with 200GW already integrated into the grid.

The Rajasthan Renewable Energy Zone scheme will enable the evacuation of 4.5GW of clean energy from complexes within the state.

1GW will be evacuated from the Fatehgarh complex, 2.5GW from the Barmer complex and 1GW from the Nagaur (Merta) complex.

The generated power will be transmitted to the Mainpuri region, Fatehpur and Orai in Uttar Pradesh. The estimated completion time for the project is two years and it is projected to cost Rs122.41bn.

In Karnataka, the system strengthening scheme will support the evacuation of another 4.5GW of green electricity from the Koppal and Gadag areas.

These initiatives will be executed through a tariff-based competitive bidding mode.

The scheme will be completed by June 2027 and will cost Rs13.54bn.

In June 2024 India’s Adani Group unveiled plans to invest $100bn in energy transition projects, aiming to produce key components for green energy generation.

Speaking at the Catalyst for India’s Future event, held in June 2024 by Crisil, Adani Group chairman Gautam Adani noted that trillion-dollar opportunities in energy transition and digital infrastructure will significantly transform India.

The conglomerate plans to create facilities for manufacturing electrolysers, wind power turbines and solar panels. It also plans to establish solar parks.

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