Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Affiliate of Pacific Avenue Capital Partners Completes Acquisition of ESE World from Amcor

    June 30, 2026

    South Korea tourist spending hits record in May

    June 29, 2026

    Amazon sets $48B India investment plan through 2030

    June 26, 2026
    Singapore MonitorSingapore Monitor
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Singapore MonitorSingapore Monitor
    Home » With a $30 billion power grid upgrade, India to triple clean-power capacity by 2030
    Business

    With a $30 billion power grid upgrade, India to triple clean-power capacity by 2030

    December 9, 2022
    Facebook WhatsApp Twitter Pinterest LinkedIn Telegram Tumblr Email Reddit VKontakte

    In order to achieve its goal of nearly tripling the country’s clean-power capacity by 2030, the Indian government, under Prime Minister Narendra Modi, has unveiled a Rs 2.44 lakh crore ($29.6 billion) plan to build transmission lines for renewable generation in the country. According to a statement from the Ministry of Power, through the project, solar plants in the sun-drenched deserts of Rajasthan and Gujarat, as well as wind farms in Tamil Nadu, will be connected to the national power grid.

    By the end of the decade, India’s inter-regional transmission capacity will increase from 112 gigawatts to 150 gigawatts. The lack of transmission lines in India has hampered the growth of renewable electricity in the country. It is essential for the nation to address this shortfall as it embarks on its journey towards net zero by 2070. This is so that clean energy can be carried to urban and industrial hubs that are often remote from sources of energy.

    With a total generation capacity of 173 gigawatts, India generates its electricity from non-fossil fuel sources, which includes building transformers and high-voltage lines to transport power over long distances, as well as laying submarine cables for transferring electricity from offshore wind projects. Despite the fact that the power networks sector welcomed the revised plan, it did sound a note of caution with regards to the awarding of contracts. The private transmission companies have been lobbying New Delhi to allocate all projects through competitive bids rather than allowing the state-run Power Grid Corp. of India Ltd. to get some of the projects without any competition.

    Related Posts

    Amazon sets $48B India investment plan through 2030

    June 26, 2026

    India probes Rajesh Exports over gold trade records

    June 26, 2026

    China and EU trade chiefs set for Brussels talks

    June 24, 2026

    Japan’s Nikkei 225 clears 72,000 in record Tokyo rally

    June 22, 2026

    UAE and Egypt presidents discuss ties at G7 summit

    June 18, 2026

    DWTC and -45dB launch modular meeting spaces in Dubai

    June 18, 2026
    Latest News

    South Korea tourist spending hits record in May

    June 29, 2026

    Amazon sets $48B India investment plan through 2030

    June 26, 2026

    India probes Rajesh Exports over gold trade records

    June 26, 2026

    Norway reach World Cup knockouts with 3-2 Senegal win

    June 24, 2026
    © 2026 Singapore Monitor | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.