New Delhi: The Cabinet Committee on Economic Affairs, chaired by the Prime Minister, Narendra Modi, approved the project on Green Energy Corridor (GEC) Phase-II – Inter-State Transmission System (ISTS) for 13 GW Renewable Energy Project in Ladakh.
The project is targeted to be set up by FY 2029-30 with total estimated cost of Rs.20,773.70 crore and Central Financial Assistance (CFA) @ 40 percent of the project cost i.e. Rs.8,309.48 crore.
Keeping in view the complex terrain, adverse climatic conditions and defiance sensitivities of Ladakh region, Power Grid Corporation of India Limited (POWERGRID) will be the Implementing Agency for this project. State of the art Voltage Source Converter (VSC) based High Voltage Direct Current (HVDC) system and Extra High Voltage Alternating Current (EHVAC) systems will be deployed.