New green energy corridors witness 50% reduction in project costs

Adani, Sterlite, PowerGrid win key projects connecting renewable areas

The latest bidding for power transmission projects to connect renewable energy with the national grid saw leading private companies bring down project costs by about 40-50 per cent. Adani Transmission, Sterlite Power, L&T, and Tata Power were in the race for Rs 1,500 crore worth of projects.

This is estimated to bring down the cost of renewable power by 25 paise a unit (kilowatt hour). State-owned Power Grid Corporation also participated in these tenders and won two projects. A new entrant, India’s leading clean energy company, ReNew Power, also bid for the transmission projects. However, it didn’t win any. Company