Business

Central Government Approves 2 ISTS Schemes To Evacuate 9 GW Renewable Energy

The Central government has given the green light to 2 new Inter State Transmission System (ISTS) schemes aimed at evacuating 9 gigawatts (GW) of renewable energy from Rajasthan and Karnataka, the Ministry of Power announced on Saturday.

The ambitious projects, which together require an investment of Rs 13,595 crore, underscore the government’s commitment to bolstering India’s renewable energy infrastructure.

These schemes contribute to the broader goal of achieving 500 GW of renewable energy capacity by 2030, with 200 GW already interconnected.

Insights:

Rajasthan Renewable Energy Zone (REZ) will see an investment of approximately Rs 12,241 crore for the development of a robust power evacuation system.

This initiative aims to evacuate 4.5 GW of renewable energy from Rajasthan, encompassing 1 GW from the Fatehgarh Complex, 2.5 GW from the Barmer Complex, and 1 GW from the Nagaur (Merta) Complex.

The power will transmit to regions such as Mainpuri, Fatehpur, and Orai in Uttar Pradesh.

Reports indicate the scheme will complete within two years.

In Karnataka, the second scheme involves an investment of Rs 1,354 crore to strengthen the transmission infrastructure.

This initiative however aims to evacuate 4.5 GW of renewable energy from the Koppal and Gadag areas.

Meanwhile, the project is scheduled to be completed by June 2027.

Both projects will execute through the Tariff Based Competitive Bidding (TBCB) mode, ensuring transparency and efficiency in project implementation.

The approval of these ISTS schemes marks a significant milestone in our efforts to ramp up renewable energy capacity and strengthen our transmission network,” commented a Ministry of Power spokesperson.

The spokesperson added, “These investments not only support our clean energy goals but also contribute to the economic growth and energy security of the nation.”

The announcement comes amidst India’s heightened focus on renewable energy as a key pillar of its climate change mitigation strategy.

Also Read: 12.2 Million New Accounts Opened Under Atal Pension Yojana In 2023-24

Mankrit Kaur

Recent Posts

UP CM Yogi Adityanath Plants Saplings Under ‘Ek Ped Maa Ke Naam’ Initiative

Uttar Pradesh Chief Minister Yogi Adityanath participated in the nationwide 'Ek Ped Maa Ke Naam'…

24 mins ago

Supreme Court Criticizes MP High Court, Grants Bail To 70-Year-Old

Granting bail to the petitioner, the Supreme Court emphasize that pleas for sentence suspension should…

51 mins ago

PIL In Supreme Court For Structural Audit of Bridges In Bihar

On Friday, a PIL filed before the Supreme Court called for a comprehensive structural audit…

54 mins ago

Hyundai To Begin Production of All-Electric Casper SUVs This Month

Full-fledged manufacturing of Hyundai's all-electric compact SUV, Casper Electric, would get off by this month.…

1 hour ago

Umesh Pal Murder Case: Police to Impose Gangster Charges On Mafia Atiq’s Sons

Umesh Pal and his two government security personnel were brutally killed in a bomb attack…

2 hours ago

Team India reaches PM Modi’s residence in New Delhi

The T20 World Cup-winning Indian cricket team India has reached Prime Minister Narendra Modi's residence…

2 hours ago