Govt to invoke special powers, save renewable energy projects of Rs 40,000 crore


Govt to invoke special powers, save renewable energy projects of Rs 40,000 crore

The government is set to use special powers under the Electricity Act of 2003 to ensure regulatory passage for a clutch of inter-state transmission lines with the objective of preventing solar and wind power projects worth Rs 40,000 crore from getting stranded.

Top government sources told TOI the power ministry will invoke Section 107 of the Electricity Act to ask Central Electricity Regulatory Commission (CERC) to allow central utilities to build the transmission lines for evacuating power from 8 GW (giga watt) of green energy projects slated to be commissioned from October 2020.

The sources said the directives will cover transmission lines required by the end of 2020 in Phase – I for 12.5 GW, including the 8 GW under way, of renewable projects under implementation or tendered as well as 16.5 GW projects approved under norms prevalent till June 2018. Read More

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