Power Grid to build Rs 20k-crore Green Energy Corridor-II in Ladakh
The Cabinet Committee on Economic Affairs (CCEA) has given its approval for viability gap funding (VGF) to the state-owned Power Grid Corporation of India (PGCIL) for the construction of the Green Energy Corridor-II (GEC-II) in the Ladakh region.
The GEC-II is an Inter-State Transmission System (ISTS) project aimed at connecting at least 13 gigawatts of forthcoming renewable energy projects in Ladakh. The government plans to complete the project by the financial year 2029-30 at an estimated cost of Rs 20,773.70 crore. Central Financial Assistance (CFA) will cover 40 per cent of the project cost, amounting to Rs 8,309.48 crore, according to a government statement.
