Cabinet approves Rs 1.86 lakh crore electricity grid upgrade scheme

The Union Cabinet has approved a significant Rs 1.86 lakh crore scheme for upgrading the electricity grid. This initiative aims to evacuate 135 GW of renewable energy and establish 50 GWh of battery energy storage. New transmission lines will be awarded through Tariff-Based Competitive Bidding, ensuring efficient project delivery. Additionally, renewable energy developers will receive support for battery energy storage projects.