Madhya Pradesh has readied its blueprint for the Rs 4000 crore worth Green Energy Corridor project spearheaded by Power Grid Corporation (PGCIL), as next the five years would add another 6,000 MW of renewable energy projects in its installed capacity. This will also include a mega solar power project of 750 MW capacity, reports the Business Standard.
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Tag: green energy corridor project
Power & Renewables – Em-Powering the nation
The promising policies of the government have paved the way for growth, but there are funding, capacity, and manufacturing related challenges to brave before the ambitious targets can be realised.
Power Play
The power sector had been facing serious challenges over the past few years. The key issues pertain to shortfall in supply of coal and gas, delay in clearances for projects and the declining financial health of electricity distribution utilities.
FDI in infrastructure: Key Challenges
In addition to fuel shortage for thermal power projects, the power sector in general suffers from regulatory delays, chief of which are the land acquisition and environmental clearance issues.
Govt to spend Rs 430 bn on green energy corridor
The Union government plans to spend Rs 43,000-crore on ‘green energy corridor’ project to facilitate flow of renewable energy into the national grid. Germany is to assist India in the project with € one billion as soft credit.