Asset management Company

Summary:

The Central Electricity Authority (CEA) produced India's National Electricity Plan (Transmission), which intends to achieve 500 GW of renewable energy capacity by 2030 and over 600 GW by 2032. The strategy tackles growing energy consumption and supports the aim of achieving net-zero emissions by 2070. nearly the next decade, key features will comprise nearly 191,000 circuit kilometres of transmission lines and 1,270 GVA of transformation capacity, as well as the integration of 47 GW of battery energy storage and 31 GW of pumped storage systems.

 

Mr. Manohar Lal, Union Minister of Power, stated that India's National Electricity Plan aims to reimagine the energy landscape, with a target of 500 GW of non-fossil energy by 2030. It promotes green hydrogen and ammonia production hubs in coastal areas and seeks to enhance interregional transmission capacity from 119 GW to 143 GW by 2027, costing more than US$ 108.92 billion (Rs. 9.15 lakh crore) by 2032. The proposal incorporates sophisticated technologies such as hybrid substations and aims to increase operational voltage to 1,200 kV AC, emphasising the necessity for investments in renewable energy.

 

Source: IBEF 

 

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.

GHL INDIA is here to create a prosperous environment that serves the world at large

Let us join together to live an opulent life