
Gujarat to fortify green energy grid with Rs 29k cr investment
Ahmedabad: With renewable energy now accounting for 58% of Gujarat's installed power capacity — well above the national average of 47% — the state govt is pushing ahead with a major expansion of its transmission and distribution infrastructure.
As part of its long-term strategy to support this green shift, Gujarat will invest Rs 29,000 crore to develop the third Green Energy Corridor (GEC-III), aimed at transmitting 16,500MW of renewable power from across the state.
The transmission upgrade is designed to keep pace with both rising capacity and the evolving mix, which is increasingly dominated by solar and wind. The GEC-III will enable connectivity between new renewable energy zones in Kutch, Jamnagar-Bet Dwarka, Banaskantha-Patan, and parts of central Gujarat, according to sources.
It will involve building 3,430 circuit kilometres of lines through six 765kV substations and an additional 860 circuit kilometres through four 400kV substations.
Four statcoms will be installed to maintain power quality across the network.
Officials said the GEC projects are central to Gujarat's goal of developing a "foolproof" grid that ensures the smooth integration of intermittent renewable sources into the state's energy backbone.
The corridors are designed to feed clean energy into industrial belts and urban load centres while supporting the broader ambition of energy security and grid stability.
The Rs 29,000 crore investment comes alongside two earlier corridor projects: GEC-I, a Rs 1,932 crore project targeting 4,000MW, and GEC-II, worth Rs 3,636 crore, which is slated for completion by March 2027.
The state's push is backed by a broader plan to modernise the grid through capital-intensive upgrades and adoption of advanced technologies.
Parallel to transmission development, Gujarat is strengthening its distribution network under the revamped distribution sector scheme (RDSS), with initiatives such as underground cabling, loss reduction and digital transformation to ensure reliable, affordable and high-quality power across sectors.
Gujarat already leads the country in rooftop solar adoption, with 5.3GW installed across over 9.6 lakh households. It also ranks first in wind power and second in solar energy. The state's resource adequacy plan targets 42GW of renewable capacity by 2035, supported by favourable policy frameworks and private sector interest.
With the green energy corridors forming the arteries of this transition, Gujarat's energy roadmap reflects a focused attempt to combine sustainability, investment, and innovation in pursuit of a resilient power ecosystem.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
37 minutes ago
- Time of India
Stocks in news: Vodafone Idea, Jindal Stainless, ITC, HCL Tech, Grasim Industries
The market started the week on a volatile note and ended almost flat, continuing its consolidation phase. In today's trade, shares of Vodafone Idea , Jindal Stainless , ITC , HCL Tech Grasim Industries among others will be in focus due to various news developments. Biocon Biocon received approval for diabetes drug Liraglutide in India. Vodafone Idea Vodafone Idea (VIL) said it is engaged with the Centre to find a solution to the AGR issue, with CEO Akshaya Moondra stating he sees no reason why the government should be constrained in any way to offer relief. Jindal Stainless Jindal Stainless said it has acquired a 33.64% equity stake in a special purpose vehicle (SPV) to develop a 282 MW hybrid renewable energy project for its manufacturing operations. Grasim Industries Grasim Industries announced that its Finance Committee has approved the issuance of non-convertible debentures (NCDs) aggregating up to Rs 1,000 crore. Live Events ITC US-based investment firm GQG Partners has increased its stake in ITC Ltd, one of India's largest consumer goods companies, through a bulk deal on May 28. HCL Tech HCL Tech announced a strategic partnership with UiPath to accelerate Agentic Automation for global enterprises. Frontier Springs Frontier Springs bags order worth Rs 93 crore from Rail coach factory, Kapurthala and Modern coach factory, Raebareli.


Time of India
an hour ago
- Time of India
How has the digital rupee grown 180 times in just two years?
In just two years, the digital rupee has scaled up dramatically, with its retail value surging nearly 180 times to Rs 1,016.5 crore by March 2025 from Rs 5.7 crore in March 2023, RBI data shows. Agencies Launched as a pilot by the Reserve Bank of India in late 2022, the e` has moved beyond experimentation to meaningful adoption. Retail volumes grew from 1,710,000 to 49,410,000 pieces, marking a 29- fold increase in just two years. High-value denominations now dominate usage, with Rs 500 notes alone accounting for 84.4% of total eRs value in FY25, up sharply from 47.5% in FY23, a clear signal that the digital currency is gaining traction among larger retail and merchant payments. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Agencies While the wholesale use-case remains limited, the retail adoption supports India's aim to modernise its payment infrastructure, reduce cash dependency, and provide a regulated alternative to private cryptocurrencies.


Time of India
an hour ago
- Time of India
New-age life insurance firms tap group products to boost business
New-age life insurers Acko, Go Digit and CreditAccess, all of whom received life insurance licences in 2023, are betting on group products to drive premium collection and the business. According to data from industry body Life Insurance Council, Acko Life Insurance 's premium collection almost doubled to Rs 63 crore in fiscal 2025, compared with Rs 36 crore in FY24. Go Digit Life recorded Rs 1,068 crore in FY2025 compared with Rs 426 crore a year back. Credit Access Life Insurance recorded Rs 193 crore in insurance premium compared with Rs 97 crore the previous year. This was the first full year of operations for these new-generation life insurance companies. Both Acko and Go Digit had the general insurance licence prior to that. While Go Digit is a publicly listed company now, Acko is privately held and was last valued at $1.4 billion in a funding round in 2023 . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo 'Most of these new-generation companies have sold group life covers in their first financial year, which has helped them to bulk up premium collection quickly. It also helps set the internal and sales processes quickly,' a senior executive at an insurtech startup said on the condition of anonymity. Under group products, life insurance companies typically sell employer-employee life covers and also club insurance covers to credit customers. Live Events 'Our initial focus was on group products, leveraging the quicker setup of servicing and sales infrastructure. Today, we have a balanced mix of both group and retail products, with plans to expand both segments equally,' Go Digit Life Insurance chief executive officer Sabyasachi Sarkar said. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Go Digit Life has four retail products and three group products and is hoping to scale up both businesses in the coming quarters, Sarkar added. The new-generation insurance companies had adopted a retail-first approach for their general insurance business. Both Go Digit and Acko had focused on retail automobile insurance as the key product to scale up their business, but for life business they have gone the group business route. The industry executive cited earlier in the story pointed out that for the life insurance play, it is always easier to disrupt the group market because most of the business there is pricing driven and also is up for renewal every year. 'For products like life, customer trust is the key, building that takes time, hence one way of getting into the market is through employer-employee products where consumers will get to know the brand, experience the claims settlement process and eventually start trusting the brand,' the executive said. In general insurance, these startups had disrupted the business with strong use of technology and also by adding direct sales as a large part of their business, without depending fully on agents and broker networks. 'Employer-employee products are a focus area for us. Digit Life in its first full year of operations (FY25) has clocked over Rs 1,300 crore gross written premium,' Sarkar of Go Digit told ET. But these brands are likely to face much bigger challenges in the life business, according to industry insiders. 'I think new-age life insurance companies will need to invest heavily in customer experience, ensure smooth claim settlement processes to give confidence to customers and also work very closely with the regulator,' said Vivek Ramji Iyer, partner in charge of financial services at Grant Thornton Bharat. To quickly build trust during the purchase process, startups can invest in creating a claims settlement simulation process, Iyer said. 'They should also target rural areas to increase penetration of insurance cover, for that they can look to partner with common service centres in rural India.'