Context:

• The Cabinet Committee on Economic Affairs (CCEA) has approved Green Energy Corridor Phase-II, an inter-state transmission system for a 13-gigawatt renewable energy project in Ladakh.

Empowering Green Energy Corridor: The Transformative Power Grid Project in Northern India

• Completion Target: 2029-30.
• Project Cost: It is estimated to cost ₹20,773.70 crore, with central financial assistance at 40%. 
• Implementing Agency: Power Grid Corporation of India Limited(POWERGRID)
• Transmission Line: The transmission line will run through Himachal Pradesh and Punjab, integrating with the National Grid in Haryana.
• Significance: 
  • Clean Energy Target: The project contributes to achieving the target of 500 GW of non-fossil fuel electricity capacity by 2030
  • Employment Opportunities: It is expected to generate significant direct and indirect employment in the power and related sectors, particularly in the Ladakh region.
  • Expansion of Green Energy Corridor: This project complements the ongoing Intra-State Transmission System Green Energy Corridor Phase-II in several states for grid integration and power evacuation.

News Source: Livemint