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India's Green Energy Corridor

India's Green Energy Corridor

Aparna Dutt Sharma, Chief Executive Officer, IBEF

Aug 19, 2013 10:21 AM

The Government of India plans to roll out the Green Energy Corridor project worth INR 43,000 crore (US$ 6.9 billion) to facilitate flow of renewable energy into the national grid. The project is aimed at synchronising electricity produced from renewable sources (such as solar and wind) with conventional power stations in the grid. Germany has committed developmental and technical assistance of € 1 billion (US$ 1.33 billion) for the project. The project can be expected to strengthen the power distribution network in India. India currently has an installed renewable capacity of 27,541.71 megawatt (MW), excluding hydro power stations, while the total installed capacity in the country stands at 2,23,625.60 MW. India's onshore wind energy deployment crossed 19.6 gigawatt (GW) attracting investment worth US$ 16.5 billion in 2012 and is estimated to reach 191 GW by 2030. In fact, the Green Energy Corridor project can be expected to result in the development of an integrated grid across the nation by making its grid compatible for distributing renewable energy.



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