power-sector-news
Germany to provide India a 1 billion Euro soft loan for Green Energy Corridors
NEW DELHI . Union Minister of state (IC) for Power, Coal, New and Renewable Energy and Mines, Piyush Goyal in a written reply in Lok Sabha on Thursday said that in order to facilitate integration of large scale renewable generation capacity addition, a comprehensive scheme including intra-state and inter-state transmission system has been identified as a part of 'Green Energy Corridors'.
Intra-state transmission system is being implemented by respective State Transmission Utilities (STU) and inter-state transmission system is being implemented by Power Grid Corporation of India Ltd (PGCIL).
The minister informed that for the funding of green energy corridors in both intra and inter -state transmission projects, under the framework of cooperation between the government of India and government of Germany, KfW Germany is providing soft loan to the tune of Euro 1 billion.
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