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Kerala Kaumudi Online
Thursday, 28 March 2024 7.19 PM IST

Loan of Rs 817 cr from German bank for green energy corridor project in Kerala

green-energy

THIRUVANANTHAPURAM: A loan of 817 crore rupees has been received from the German development bank KFB for the project to establish a green energy corridor in the state. The loan is a project to reduce carbon emissions and promote green energy consumption.

The Green Energy Corridor project in Kerala is worth a total of Rs 1457 crore, including the North Green Corridor associated with the Kasaragod Solar Park at a cost of Rs 911 crore, the Wind Power Project at Idukki Ramakalmedu with an investment of Rs 234 crore, and the Attappadi Green Energy Corridor with an investment of Rs 311 crore. In this, 817 crore rupees is provided by German bank. Of the remaining amount, Rs 290 crore will be paid by KSEB. The central government will provide a grant of Rs 350 crore. There is no cost to the state government.

But the Solar Park project in Kasaragod and the related North Green Energy Corridor project have not been approved by the Central Government. 138 crore rupees has been provided by the central government for the remaining two schemes.

The study report states that the state has the potential to generate 8600 MW of green energy through rain, wind, sunlight and rivers. The state aims to achieve carbon neutrality by 2050. Green Energy Corridor is a part of it. To implement this, the Kerala Hydrogen Economy Mission was formed by the state government yesterday. K.Disk Chairman will be the Executive Vice Chairman of the Mission. Secretaries of the Department of Energy, Transport, Water Resources and Industries, KSEB CMD, Director of New and Renewable Energy Research, EMC, Kochi Airport, TCC and various public sector organizations, gas authority and oil companies are members. The mission came into existence yesterday.

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TAGS: GREEN ENERGY, KFB, GERMAN BANK, LOAN
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