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India to invest $ 1.61 billion to connect more green energy projects to the grid

Electricity-generating wind turbines are pictured during the inauguration ceremony of the new 25 MW ReNew Power wind farm in the village of Kalasar, in the Indian state of Gujarat, on May 6, 2012. REUTERS / Amit Dave

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NEW DELHI, Jan.6 (Reuters) – The Indian cabinet on Thursday approved a 5-year, $ 1.61 billion transmission line construction plan to connect 20 gigawatts (GW) of renewable energy projects seven states to the network, as the country prepares to cut its carbon emissions.

India, the world’s third-largest emitter of greenhouse gases, aims to cut its projected emissions by one billion tonnes by 2030 and increase renewable electricity production to 430 GW, the equivalent of about half of the country’s energy mix.

Prime Minister Narendra Modi last year announced 2070 as a target for India to achieve net zero carbon emissions.

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The federal government will provide assistance equivalent to about one-third of the overall investment of Rs 120 billion required for the expansion of transmission lines in the second phase of the green corridor project, according to a government statement.

The project will add approximately 10,750 kilometers of transmission line circuits, for projects in the western state of Gujarat, the desert state of Rajasthan, the northern state of Himachal Pradesh and the southern states of Tamil Nadu, Karnataka, Kerala and Andhra Pradesh, he said. .

In the first phase of the project to be completed this year, India is constructing 9,700 kilometers of transmission line circuits.

($ 1 = 74.4460 Indian rupees)

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Reporting by Nidhi Verma; Editing by Kirsten Donovan

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