India Plans to Spend 6 Billion Euros on Wind, Solar Transmission
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India plans to spend 6 billion euros ($7.9 billion) to build an electricity grid to evacuate power from wind and solar plants that have more than doubled in capacity in the last five years.
The grid will be built across seven states over the next five to six years, Ratan P. Watal, secretary at the Ministry of New and Renewable Energy, said in New Delhi today. The project will receive 250 million euros “soon” from KfW Group, a German development bank, he said.