The central government on Wednesday unveiled a plan for constructing a transmission system to evacuate 500 GW of renewable energy by 2030.
According to the Ministry of Power, the proposal offers transmission service providers with an investment opportunity of about Rs 2.44 lakh crore.
R K Singh, the minister of energy for power and new and renewable sources, launched the plan for the transmission of 500 GW renewable energy by 2030 here.
In his speech, Singh stated that the government’s goal is to complete the transmission infrastructure prior to the installation of the desired renewable energy capacity by 2030.
Without any hiccups, this will contribute to the uninterrupted supply of green energy.
According to an official declaration, India currently has a total installed capacity of 409 GW, of which 173 GW, or 42%, comes from non-fossil fuel.
The planned additional transmission systems required for having 500 GW of non-fossil fuel include 8,120 circuit km (ckm) of High Voltage direct current transmission corridors, 25,960 ckm of Kv AC lines, 15,758 ckm of KV lines and 1052 ckm of kv cable.
This also includes a transmission system required for the evacuation of 10 gigawatts of offshore wind energy in Gujarat and Tamil Nadu at an estimated cost of Rs 28,000 crore.
With the planned transmission system the inter-regional capacity will increase to about 1.50 lakh megawatt (MW) by 2030 from 1.12 lakh MW at present.
“Further it will also provide transmission service providers the vision of growth opportunities available in the transmission sector along with investment opportunities of about Rs 2.44 lakh crore,” the statement said.
The proposal also calls for the installation of a 24/7 power system for end users with a battery storage capacity of 51.5 GW.
In the plan, a number of locations have been designated as centres for the production of non-fossil fuel capacity, including Bikaner in Rajsthan, Khavda in Gujarat, and Anantpur and Kurnool in Andhra Pradesh.