Fact Box: Green Energy Corridor Project; Government plans to invest Rs 43,000 Crore in the project
Rs 43,000-cr ‘green energy corridor’ plan for renewable energy
The Government plans to launch a Rs 43,000-crore ‘Green Energy Corridor’ project to facilitate the flow of renewable energy into the national grid. The project will be implemented with the assistance of Germany who has promised provide developmental and technical assistance of €1 billion for the project.
The government has taken lessons from the massive power grid failure that hit the North, East and North-East regions of the country on July 30-31 in 2012 which called for attention to strengthen the electricity distribution network in the country.
What is “Green Energy Corridor Project”?
The Green Energy Corridor Project is an upcoming project which aims at synchronising electricity produced from renewable sources, such as solar and wind, with conventional power stations in the grid.
Objective: Synchronising electricity produced from renewable sources, such as solar and wind, with conventional power stations in the grid.
- Cost: Rs 43,000-crore
- The whole project has been divided into two parts:
- Inter State: To be developed by State utilities
- Intra State: To be developed by Power Grid Corporation of India (PGCIL)
Germany, who has expertise in making smart grids that integrate renewable energy into national grid will be assisting India in this project. Germany has promised provide developmental and technical assistance of €1 billion for the project
What is the problem in integrating electricity generated from renewable energy to conventional power grids?
The problem is Voltage Fluctuations. The conventional grids face difficulty in absorbing renewable electricity because of its varying voltage and supply. The planned transmission system would be made dynamic to handle the variations leading to an integrated grid across the nation.
What is the current status of electricity generation in India?
At present, India has 27,541.71 MW of installed renewable capacity excluding hydro power stations. The country has a total installed capacity is of 2,23,625.60 MW.