World Bank to extend $4 bn loans to power sector
The financial package would be in the form of loan and half of the lending would be spent in generation and the other half would be spent in building capacities for transmission and distribution.
By PTI |
NEW DELHI: The World Bank will extend a financial assistance of up to four billion dollar to help meet the power generation target of more than 78,000 MW during the 11th Plan period.
"The 11th Plan has an ambitious plan for power generation and to achieve that goal we will provide an assistance of up to four billion dollar to India," the World Bank Sector Manager, Energy, (South Asia) Salman Zaheer told agencies on the sidelines of the International Conference and Exhibition on Power Sector here.
The financial package would be in the form of loan and half of the lending would be spent in generation and the other half would be spent in building capacities for transmission and distribution, he said.
"We have sanctioned around 400 million dollar for the 412 MW Rampur Hydro Power project," Zaheer said.
Another 400 million dollar will be provided for setting up 440 MW Vishnugarh Pipalkoti Hydro-Electric Power project in Uttarakhand on Alaknanda River.
Besides, it would also extend loans to two 'thermal rehabilitation of old coal plants' in West Bengal and Maharashtra.
"Total financial assistance involved in these two projects will be around 150 million dollar." World Bank Financial Analyst (South Asia) Ashish Khanna said.
The World Bank would also assist in 700 MW Luhri hydro power project in Himachal Pradesh, Zaheer said, adding, "we are waiting for the request and it will be about 400 million dollar," World Bank Financial Analyst (South Asia) Ashish Khanna said.
"The 11th Plan has an ambitious plan for power generation and to achieve that goal we will provide an assistance of up to four billion dollar to India," the World Bank Sector Manager, Energy, (South Asia) Salman Zaheer told agencies on the sidelines of the International Conference and Exhibition on Power Sector here.
The financial package would be in the form of loan and half of the lending would be spent in generation and the other half would be spent in building capacities for transmission and distribution, he said.
"We have sanctioned around 400 million dollar for the 412 MW Rampur Hydro Power project," Zaheer said.
Another 400 million dollar will be provided for setting up 440 MW Vishnugarh Pipalkoti Hydro-Electric Power project in Uttarakhand on Alaknanda River.
Besides, it would also extend loans to two 'thermal rehabilitation of old coal plants' in West Bengal and Maharashtra.
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"Total financial assistance involved in these two projects will be around 150 million dollar." World Bank Financial Analyst (South Asia) Ashish Khanna said.
The World Bank would also assist in 700 MW Luhri hydro power project in Himachal Pradesh, Zaheer said, adding, "we are waiting for the request and it will be about 400 million dollar," World Bank Financial Analyst (South Asia) Ashish Khanna said.
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