New Delhi, Apr 8 (KNN) Centre is mulling public-private partnership to raise funds for financing USD 8 billion ( Rs 43,000 crore) renewable power capacity addition projects in next five years said Minister for New & Renewable Energy, Farooq Abdullah.

“Green Energy Corridors” Power Grid corporation of India has estimated that around Rs. 43,000 crore or around USD 8 billion would be required to strengthen and develop renewable power evacuation and transmission infrastructure for the planned renewable power capacity addition in next five years. We are looking at various options to raise financing for implementing this important report, including through public-private partnership,” said Abdullah while addressing the National Workshop on ‘Grid Integration of Renewable Energy Sources and Energy Efficiency’.

The 12th plan has set an ambitious target of achieving a capacity addition of 30 Gigawatt ( GW). A federal outlay of around USD 4 billion has been earmarked for undertaking renewable energy activities during the next 5 years. (KNN)