Union Cabinet Launches National Smart Grid Mission

Government of India has announced that it has launched National Smart Grid Mission (NSGM), to plan and monitor implementation of policies and programmes related to Smart Grid activities in India. This was stated by Mr. Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy.

The Minister further stated that an expenditure of Rs. 21.73 crore has been incurred for development of four Smart Grid pilot projects and one Smart City Pilot project during 2015-16. NSGM envisages implementation of Smart Grid projects in the country to make Indian Power infrastructure cost effective, responsive, reliable and self healing. Two smart grid projects for Amravati and Chandigarh have been approved under NSGM, at a cost of Rs 118.63 crore with 30% funding from GoI under NSGM. The Budgetary support for NSGM activities for the Financial Year 2016-17 is Rs.30 crore, the Minister added.