Context: Cabinet Committee on Economic Affairs (CCEA) has approved the Phase II of Green Energy Corridor Project, which is inter-state transmission system (ISTS) for evacuating 13 GW renewable energy project in Ladakh
About Phase-II of Green Energy Corridor
- Ministry of New & Renewable Energy (MNRE) has prepared a plan to set up 13 GW Renewable Energy (RE) generation capacity with 12 GWh Battery Energy Storage System (BESS) in Pang, Ladakh.
- For evacuating this huge quantum of power, it is necessary to create an inter-state transmission infrastructure.
- Implementing agency: Power Grid Corporation of India (PowerGrid).
- The project will entail setting of 713 km transmission lines and 5 GW capacity of HVDC terminal each at Pang (Ladakh) and Kaithal (Haryana).
- Transmission line for evacuating this power will pass through Himachal Pradesh and Punjab up to Kaithal in Haryana, where it will be integrated with National Grid. An interconnection is planned for this project in Leh to Ladakh grid to ensure reliable power supply to Ladakh. It will also be connected to Leh-Alusteng-Srinagar power to J&K.
- Finance: Total estimated cost of the Rs 20,700 crore and Central Finance Assistance (CFA) @40% of project cost i.e., Rs 8,309 crores will be spent on the project.
- Timeline for completion: FY 2029-30
Significance of the project
- Harnessing of large solar power generation capacity in Ladakh region. Ladakh region is endowed with clear skies, bright sunlight, cool temperatures, and dust free environment which enhances the solar power generation capacity in the region.
- Contribute to 500 GW of installed electricity capacity from non-fossil fuels by 2030.
- Developing long term energy security.
- Promote ecologically sustainable growth by reducing carbon footprint.
- Help generate large direct and indirect employment opportunities for both skilled and unskilled personnel in power sector in the Ladakh region.