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Cabinet Approves 13 GW Renewable Energy Project in Ladakh
- 19 Oct 2023
On 18th October,2023,the Cabinet Committee on Economic Affairs, chaired by Prime Minister granted approval for the Green Energy Corridor (GEC) Phase-II – Inter-State Transmission System (ISTS) project, focused on the development of a 13 GW Renewable Energy Project in Ladakh.
Key Points
- Project Timeline and Cost: The project is expected to be established by the fiscal year 2029-30 with a total estimated cost of Rs. 20,773.70 crore.
- Central Financial Assistance (CFA) will cover 40 percent of the project cost, amounting to Rs. 8,309.48 crore.
- Implementing Agency: Due to the challenging terrain, adverse weather conditions, and defense considerations in Ladakh, the Power Grid Corporation of India Limited (POWERGRID) will be the Implementing Agency for this initiative.
- The project will utilize state-of-the-art Voltage Source Converter (VSC) based High Voltage Direct Current (HVDC) systems and Extra High Voltage Alternating Current (EHVAC) systems.
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