The Cabinet Committee on Economic Affairs (CCEA), on October 18, approved phase II of the Green Energy Corridor (GEC-II) in Ladakh. The state-owned Power Grid Corporation of India (PGCIL) will be implementing the Viability Gap Funding (VGF).
GEC-II is an Inter-State Transmission System (ISTS) project that aims to connect 13 GW (gigawatts) of forthcoming renewable energy projects in Ladakh. It is estimated to be completed by FY 2029-30 at the approximate cost of 20,773.70 INR-Crore. 40% of this cost (approximately 8309.48 INR-Crore) will be covered by Central Financial Assistance (CFA).
Also Read: Key Upcoming Sports Infrastructure Projects in India
The overall project involves the construction of 713 km of transmission lines with a 480 km High-Voltage Direct Current (HVDC) line and two 5 GW (gigawatts) HVDC terminals at Pang in Ladakh and Kaithal in Haryana.
The transmission lines for this project will run through Himachal Pradesh and Punjab, integrating with the National Grid at Kaithal in Haryana. An additional Ladakh grid interconnection is planned to ensure a reliable power supply. It will also provide power to Jammu and Kashmir through the Leh-Alusteng-Srinagar line.
Biltrax Construction Data is tracking 26,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights and gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information contained herein has been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish the article to be removed or edited, please email editor@biltrax.com.
0
