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India to invest $1.61 billion in grid integration in efforts to reach net zero

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India’s cabinet approved the second phase of the Green Energy Corridor, with a budget of Rs 12,031 crore, to help grid integration and power evacuation for around 20 GW of renewable energy projects across seven states.

According to an official statement, the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, approved the scheme on Green Energy Corridor (GEC) Phase-II for Intra-State Transmission System (InSTS) for addition of approximately 10,750 circuit kilometers (ckm) of transmission lines and approx. 27,500 Mega Volt-Amperes (MVA) transformation capacity of substations.

The second phase would be executed between the fiscal years 2021-22 and 2025-26, according to Union Minister Anurag Thakur, who announced the decision.

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