New Delhi, Nov. 12 -- India has approved a Rs 68,800-crore power transmission corridor to carry renewable electricity from western generation hubs to industrial and urban demand centres in the east.

The project, estimated to cost around USD 7.34 billion, is expected to take six years to complete. It will use a 1,150-kilovolt (kV) network, the highest voltage level planned for India's power transmission system, Reuters reported.

The national transmission panel approved the project, according to meeting minutes released on Tuesday.

The higher-voltage network is expected to carry substantially more electricity than existing 765-kV lines, reducing the number of transmission corridors, land requirements and power losses.

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