ADB to advance $500 million to India for Power Transmission Projects

India Power Transmission_insights_success

The Asian Development Bank (ADB) will lend $500 million to India to advance large-scale power broadcast from the northern to the southern regions, while serving integrate renewable energy in the country’s power system.

The ADB loan will brand up around 19% of the $2.58 billion entire project cost while Power Grid Corporation Ltd will deliver $2.08 billion. The loan has a 20-year term, counting a five-year grace period.

“Growth of inter-regional connectivity enables bulk power transmission in the southern region which has, at times, been precious by power shortages. This loan will also help reinforce the transmission scheme to billet renewable energy-generation capacity,” Leonardus Boenawan Sondjaja, the deputy country director of ADB’s India Resident Mission added.

The project, which is predictable to be finished by December 2020, will help build 800 kV and 320 kV high voltage direct current (HVDC) converter stations and 765 kV power transmission systems in India.

It will also assistance Power Grid add 6,000 MVA of power transmission volume between Raigarh in Chhattisgarh and Pugalur in Tamil Nadu, 2,000 MVA transmission sizes between Pugalur in Tamil Nadu and North Trichur in Kerala, and 3,000 MVA transmission abilities to accommodate renewable energy movements via Bikaner in Rajasthan.