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HomeNewsIndiaCentre approves energy transmission schemes worth Rs 13,595 crore to evacuate power from Rajasthan, Karnataka

Centre approves energy transmission schemes worth Rs 13,595 crore to evacuate power from Rajasthan, Karnataka

These schemes will be implemented through the Tariff Based Competitive Bidding (TBCB) mode and are part of the 500 GW renewable energy capacity to be built by 2030.

June 22, 2024 / 14:46 IST
The power evacuation scheme of Rajasthan Renewable Energy Zone (REZ) will evacuate 4.5 GW of RE power from Rajasthan.

The Government of India on June 22 approved new Inter State Transmission System (ISTS) schemes to evacuate 9 GW of renewable energy from Rajasthan and Karnataka.

These schemes will be implemented through Tariff Based Competitive Bidding (TBCB) mode, as per a government release. The schemes are part of the 500 GW renewable energy capacity to be created by 2030, out of which 200 GW is already connected, the release added.

The power evacuation scheme of Rajasthan Renewable Energy Zone (REZ) will evacuate 4.5 GW of RE power from the state. It comprises 1 GW from Fatehgarh complex, 2.5 GW from Barmer Complex, and 1 GW from Nagaur (Merta) Complex.

This power will be transferred to Uttar Pradesh' Mainpuri Region, Fatehpur, and Orai. The scheme will be completed in two years at the cost of Rs 12,241 crore.

Under the other scheme, 4.5 GW of renewable energy will be evacuated from the Koppal and Gadag area of Karnataka. The scheme will be completed by June 2027 and will cost about Rs 1,354 crore, the release further added.

Also Read | Smart meter play triggers smart rally in select power stocks

The Ministry of Power had said on June 18 that it is taking comprehensive measures to ensure there is adequate power supply during increased summer demand. In fact, the highest-ever peak demand of 89 GW in the northern region was successfully met on June 17.

Moneycontrol News
first published: Jun 22, 2024 02:46 pm

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