The Union Cabinet, chaired by Prime Minister Modi, recently approved the second phase of the Green Energy Corridor (GEC) project in Ladakh. This project is a significant step towards enhancing renewable energy infrastructure in India, particularly in the challenging region of Ladakh.
Key Points of the Green Energy Corridor Project
- Approval for 13 GW Renewable Energy Project: The Inter-State Transmission System (ISTS) scheme for the second phase of the Green Energy Corridor was approved. This phase aims to support a 13 GW renewable energy project in Ladakh. The estimated cost of this project, to be established by the financial year 2029-30, is Rs. 20,773.70 crore.
- Central Financial Assistance: The project will receive Central Financial Assistance (CFA) amounting to 40% of the total cost, which is approximately Rs. 8,309.48 crore.
- Implementing Agent: Given the complex terrain, adverse climatic conditions, and border security considerations in Ladakh, the Power Grid Corporation of India Limited (Power Grid) will be the implementing agent for the project.
- Advanced Transmission Systems: The project will involve the installation of a state-of-the-art voltage converter (VSC) based high voltage direct current (HVDC) system and an additional high voltage alternating current (EHVAC) system. This transmission line will run through Himachal Pradesh and Punjab to Kaithal in Haryana, connecting to the national grid.
- Reliable Power Supply: The project includes the interconnection of the existing Ladakh grid to ensure a reliable power supply to Ladakh. It will also be linked to the Leh-Alusteng-Srinagar line to supply electricity to Jammu and Kashmir.
- Transmission Lines and Capacity: The project involves the installation of 713 km of transmission lines (including 480 km of HVDC lines) and 5 GW capacity high voltage direct current terminals at Phang (Ladakh) and Kaithal (Haryana).
- Contributing to India’s Renewable Energy Goals: This project will significantly contribute to India’s target of achieving 500 GW of installed power capacity from non-fossil fuels by 2030. It aims to improve long-term energy security and reduce carbon emissions.
- Employment Opportunities: The project is expected to create numerous direct and indirect employment opportunities, especially in the Ladakh region.
Significance of the Project
The second phase of the Green Energy Corridor project is a testament to India’s commitment to sustainable energy and reducing its carbon footprint. It will not only enhance energy security but also create job opportunities. By achieving its renewable energy goals, India can ensure a more sustainable and environmentally friendly energy landscape.
This project aligns with Prime Minister Modi’s vision of developing a 7.5 GW solar park in Ladakh, furthering India’s efforts to harness renewable energy resources effectively. Additionally, the project supports India’s ambitious goal of reaching 20 GW of renewable energy by 2026 through the Intra-State Transmission System Green Energy Corridor Phase-II (INSTS GEC-II).