|Green Energy Corridor is a comprehensive scheme for evacuation & integration of the renewable energy (RE) capacity addition of 32,713 MW during 12th Plan Period. Total fund requirement of Rs. 34141 Crore was initially assessed for the development of the transmission system and control infrastructure for the addition of RE capacity in the renewable rich States of Andhra Pradesh, Gujarat, Himachal Pradesh, Jammu and Kashmir, Karnataka, Maharashtra, Rajasthan, Madhya Pradesh and Tamil Nadu. To evacuate the proposed capacity addition in these States, transmission system, both Intra State and inter State, have been proposed along with the setting up of Renewable Energy Management Centre (REMC) and the control infrastructure like, reactive compensation, storage systems, etc.Ministry of Power, GOI vide their Office Memorandum dated 11.09.2017 has conveyed their sanction of Rs. 409 Cr. For establishment of REMC. POWERGRID has been appointed as Project Management Consultant (PMC). PMC charges @10% are also included in the sanctioned cost Rs. 409 Cr. Following Packages are envisaged for REMC Project for 11 locations:
The current estimated cost of intra State and inter State transmission systems required to evacuate RE power is Rs. 12693.94 Crore and Rs. 15455 Crore (revised figures), respectively. Intra State transmission schemes are to be funded as 20% equity of the State Govt., 40% grant from National Clean Energy Fund (NCEF) and 40% soft loan, whereas, the inter State transmission schemes are to be funded as 30% equity by PGCIL and 70% soft loan. text-align: justify;">For the funding of green energy corridors in both intra and inter State transmission projects, under the framework of cooperation between Govt. of India and Govt. of Germany, KfW Germany is providing soft loan to the tune of Euro 1 Billion. For Inter-state transmission projects pertaining to Part A, B and C of Green Energy Corridor, Loan agreement for financial assistance of Euro 500 million from KfW, Germany has been signed by PGCIL and the projects are likely to be completed by 2018. Further, for implementation of transmission schemes under Green Energy Corridor-Part D, PGCIL has taken loan from ADB. For Intra-state transmission projects under Green Energy Corridor; Tamil Nadu, Rajasthan, Himachal Pradesh, Andhra Pradesh, Gujarat and Madhya Pradesh have signed the loan agreements from KfW, Germany for financial assistance of Euro 76 million, Euro 49 million, Euro 57 million, Euro 68 million, Euro 114 million and Euro 124 Million respectively.The intra state transmission schemes by the States are at various stages of tendering and award process and are likely to be implemented by 2018-19 progressively. Work is under progress for the awarded schemes.