Union Cabinet Approves Green Energy Corridor Phase-III with a Rs 1,86,405 Crore Outlay

30 September 2026National

The Union Cabinet on 30 September 2026 approved Green Energy Corridor Phase-III (GEC-III) with a total outlay of Rs 1,86,405 crore, announced by Union Minister Ashwini Vaishnaw. Of this, Rs 1,36,378 crore goes to Intra-State Transmission Systems and Rs 50,000 crore to 50 GWh of Battery Energy Storage Systems, with Central Financial Assistance of Rs 54,082 crore. The scheme will evacuate up to 135 GW of renewable power by FY 2032-33 through 51,126 circuit km of lines and 2,28,903 MVA of transformation capacity. Greenfield projects use Tariff Based Competitive Bidding on the BOOM model, with State Transmission Utilities implementing and funds allocated in challenge mode.

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The Ministry of New and Renewable Energy is the nodal ministry for the Green Energy Corridor programme | India targets 500 GW of non-fossil fuel electricity capacity by 2030 | Battery storage capacity is measured in GWh (energy) while generation capacity is measured in GW (power)

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