India looking at public investment of $5.4 bn to develop green corridors

By Editor


The development of green energy corridor in India will take investment of Rs36,000 crore ($5.42 billion).

PTI, quoting a statement, reports that the ministry of new and renewable energy expects funds for the corridors connecting high density solar-fed states of the country to come through public investment.

The ministry is also reportedly developing a renewable zone policy in which the “accountability and responsibility for land acquisition” would lie entirely with developers of proposed zones. This would help expedite the process of land acquisition without getting mired in conditions existing Land Acquisition Act.

MNRE also proposes to release Rs 1,074 crore to Tamil Nadu and Rajasthan soon for setting up green energy corridors.

Ajith Kumar S

[email protected]

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