Govt’s solar park plan a lifeline for power transmission business

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The government’s decision last month to double solar park capacity to 40,000 megawatts (MW) in three years has opened up a new business opportunity worth up to Rs20,000 crore for power transmission companies.

Adding new 50 ultra-mega solar parks to the 34 under construction in 21 states, as decided by the cabinet on 22 February, will need to significantly widen the green energy corridor—the transmission network for the solar parks—an official at Solar Energy Corp. of India, a state-owned company in charge of implementing various solar power projects, said.

The ongoing Rs13,000-crore green energy corridor-II project connecting the 34 parks under construction and new transmission projects will be identified keeping in mind the location of the new parks, said the official, requesting anonymity.

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