Cabinet approves Green Energy Corridor Phase-III scheme
BusinessLine 1 hr ago·30 Sept 2026, 10:18 am
The Union Cabinet has approved the Green Energy Corridor Phase-III scheme, a major initiative designed to upgrade India's Intra-State Transmission System (InSTS). This project focuses on building the necessary infrastructure to evacuate renewable power from generation hubs to distribution networks across various states.
This move is significant for the broader market as it addresses a key bottleneck in India's renewable energy expansion. By improving grid connectivity, the scheme aims to facilitate the smooth integration of large-scale solar and wind projects, which is crucial for the country's renewable energy targets.
Investors should monitor the progress of this project, particularly the timeline for awarding transmission contracts and the subsequent investments by power transmission utilities. Successful implementation could boost the operational efficiency of these companies and support the long-term growth of the renewable energy sector.
Excerpt from BusinessLine
The Cabinet on Wednesday approved the Green Energy Corridor Phase-III (GEC-III) scheme. It aims to strengthen India’s Intra-State Transmission System (InSTS) to enable evacuation of up to 135 gigawatt (GW) of renewable energy across States/Union Territories. The scheme also provides for deployment of 50 GWh of Battery…Read the original at BusinessLine
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