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The Economic Times

Economy / The Economic Times

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GEC-III scheme to unlock next growth phase for India renewables sector

The Union Cabinet approved the GEC-III scheme, earmarking Rs 1.86 lakh crore for developing transmission systems and battery storage. This initiative will facilitate the evacuation of 135 GW of renewable energy by FY2032-33 while addressing industry concerns regarding transmission capacity. Experts believe that it will also lead to significant growth in the renewable sector and stabilize the electricity grid.

1 Oct 2026 3:24 pm