CURRENT AFFAIRS

Detailed explanation-1: -Shri R K Singh Union Minister for Power and NRE launches plan “Transmission System for Integration of over 500 GW RE Capacity by 2030".

Detailed explanation-2: -The government Wednesday launched a ₹2.44 lakh crore transmission plan to evacuate 500 gigawatts (GW) of non-fossil fuel-based energy by 2030. The plan, based on the recommendations of an expert committee set up by the ministry, entails 50,890 circuit km transmission lines and 4,33,575 MvA substation capacity.

Detailed explanation-3: -India’s plan to install 500 GW (gigawatt) of renewable energy capacity by 2030 will involve an investment of at least ₹2.44 lakh crore or ₹2.44 trillion, according to a committee constituted by the Central Electricity Authority (CEA).

Detailed explanation-4: -India needs $300 bn investment to meet 500GW renewable energy aim by 2030: Report. New Delhi: India will need additional investment of around $300 billion to complete the 500-gigawatt renewable energy capacity target by 2030, according to a report.

Detailed explanation-5: -Launched in the year 2015 -16, the Green Energy Corridor aims at making electricity usage, transmission, and generation more efficient, less risky, and more reliable.