From The Economic Times · Shilpa Samant · · 40s
Cabinet Nod for Power Fund Extension
India seeks Cabinet approval to extend Power System Development Fund for five years.
In brief
India seeks Cabinet approval to extend Power System Development Fund for five years. India's power ministry wants Cabinet approval to continue the Power System Development Fund for FY27-FY31 to address renewable energy grid challenges. Originally reported by The Economic Times.
Power Ministry Requests Cabinet Approval
The power ministry seeks Cabinet approval for the Power System Development Fund continuation in FY27-FY31.
PSDF Funds Grid Reliability Projects
The fund supports projects that ensure electricity grid reliability, security, and stability.
PSDF Used for Non-Commercial Projects
It mainly supports investments that utilities cannot profitably make.
Renewable Energy Grid Risk
Adding renewable capacity without enough transmission infrastructure risks grid curtailment for 35 GW by FY27.
The short version
India's power ministry wants Cabinet approval to continue the Power System Development Fund for FY27-FY31 to address renewable energy grid challenges.
