Power Grid Corporation has approved two applications to invest roughly Rs 367 crore in two projects related to the transmission of energy, one of which is located in Gujarat.

According to a BSE filing, the Committee of Directors on Investment on Projects approved two projects for investment during its meeting on November 22, 2023.

The transmission system for evacuating power from the prospective Renewable Energy Zone in Gujarat's Khavda Area was approved by the board under Phase IV (7GW)-Part E4, according to the filing. The estimated cost of this system is Rs 224.41 crore. By July 9, 2025, this project is expected to be put into service.

It is noteworthy that the Gujarat Hybrid Renewable Energy Park, situated in Khavda and currently in the construction phase, is a forthcoming renewable energy facility. Once finalized, the park is poised to produce 30 gigawatts of electricity, harnessing both solar panels and wind turbines.

Spanning an expansive 72,600 hectares (726 km2) of unused land, it is anticipated to become the largest hybrid renewable energy park globally upon completion.