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States May Get ₹22,400 Cr for Green Energy Corridor-III

Mint Mumbai

|

March 19, 2025

The Centre is likely to provide the assistance for developing intra-state transmission systems

- Rituraj Baruah

States May Get ₹22,400 Cr for Green Energy Corridor-III

The Union government is likely to provide assistance worth about ₹22,400 crore to states for development of intra-state transmission systems under the third phase of the Green Energy Corridor, said two people aware of the development. GEC-III was proposed in the Union budget for FY26. The overall cost for the third phase is estimated around ₹56,000 crore and the Centre would provide 40% of the cost, the two people mentioned above said.

The major states to be covered under the scheme include Gujarat, Rajasthan, Karnataka, Maharashtra and Andhra Pradesh. Most of the projects under the third phase are expected to be in Gujarat, with the state projected to work on transmission projects worth over ₹29,000 crore, followed by Rajasthan with projects worth over ₹19,000 crore.

"The scheme was recently discussed in a recent meeting by the new and renewable energy ministry with stakeholders and the focus is on accelerated development of the transmission network to cater to the targeted 500 GW non-fossil capacity and achieve energy transition," said one of the two people mentioned.

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