Green Energy Corridors
With an intention to foster the increased use of renewable energy in India through technical as well as financial cooperation, the Government of Germany and the Government of India (GoI) expressed their intention to support the evacuation of renewable energy by strengthening the power transmission infrastructure in India.
Both governments signed a Joint Declaration of Intent on the occasion of the second Indo-German Government Consultations in Berlin, Germany, on 11th April 2013 in the presence of H.E. Dr. Manmohan Singh, Prime Minister of the Republic of India, and H.E. Dr. Angela Merkel, Chancellor of the Federal Republic of Germany.
Renewable energy sources are playing an increasingly important role in India. Currently 32 GW of renewable energy capacity are installed in India. Within the 12th Five Year Plan alone, India is planning to add about 41 GW of additional renewable energy capacity. GoI has set ambitious targets under the Jawaharlal Nehru National Solar Mission (JNNSM) and is working on a National Wind.
The integration of these new and green power plants in the transmission network is a critical prerequisite for ensuring an environmentally more sustainable energy supply in India. The integration requires transmission infrastructure for the evacuation of power as identified in the comprehensive transmission plan called “Green Energy Corridors” prepared by POWERGRID Corporation of India (PGCIL) in 2012. In this context, the German side expressed its willingness to consider providing concessional loans of up to one billion Euros over the next years through KfW under Indo-German Financial Cooperation. 750 million Euros have already been committed in the past two years by the Government of Germany for financing the Inter-State and Intra-State projects under the Green Energy Corridors Project. Germany is also providing technical assistance for forecasting, balancing, market design and network management in connection with the grid integration of renewable power under Indo-German Technical Cooperation to be realized through “Deutsche Gesellschaft für Internationale Zusammenarbeit (GiZ) GmbH”.
Volumes I and II of the Green Energy Corridors Report: http://www.forumofregulators.gov.in/Data/study/green1.pdf