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[BUSINESS] · India · 9 sources

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India approves ₹1.86 lakh crore Green Energy Corridor and biogas schemes

The Indian Union Cabinet has approved two major clean energy initiatives: the Green Energy Corridor Phase-III (GEC-III) and the GOBARdhan National Unified Scheme for Compressed Biogas.

The GEC-III programme has a total outlay of ₹1,86,405 crore and is aimed at strengthening intra-state transmission systems to facilitate the evacuation of up to 135 GW of renewable energy. The project includes ₹1,36,378 crore for transmission systems and ₹50,000 crore for 50 GWh of Battery Energy Storage Systems (BESS) to manage grid flexibility and intermittency. The programme is targeted for completion by FY 2032-33 and includes ₹54,082 crore in Central Financial Support to help lower power costs.

Separately, the Cabinet approved the GOBARdhan scheme with an outlay of ₹23,731 crore, to be implemented from FY 2026-27 to FY 2035-36. This scheme aims to increase domestic compressed biogas (CBG) production nearly ten-fold. It establishes a stable administered CBG price of ₹2,110 per MMBTU and provides a framework for City Gas Distribution entities to meet blending obligations.

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GOBARdhan · Green Energy Corridor Phase-III · India · Narendra Modi · Organic Recycling Systems Limited · Union Cabinet of India

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