Business

ADB to fund hyower project in Himachal


Shimla, Dec 3 (IANS): Himachal Pradesh will soon get another tranche of a multimillion-dollar loan from the Asian Development Bank (ADB) for the construction of a hydropower project, a minister said here Tuesday.

"ADB has agreed in principle to finance the 48 MW Surgani Sundla hydro-electric project in Chamba district," Power Minister Sujan Singh Pathania told reporters here.

The state-run Himachal Pradesh Power Corporation (HPPCL) Managing is executing the Surgani Sundla project.

Pathania said a decision to finance the project was taken a meeting with Takesshi Shiihara, portfolio management specialist of the energy division, South Asia department of the ADB, here.

Pathania urged Shiihara to speed up the process of $67.9 million for Surgani Sundla project being constructed in the downstream of Baira Suil hydropower project.

The ADB is currently funding $800 million loan under the Himachal Pradesh Clean Energy Development Investment Programme for the four hydel projects being constructed by HPPCL.

These are: the 111 MW Sawra Kuddu project in Shimla district, 195 MW Kashang project in Kinnaur district, 100 MW Sainj in Kullu district and 450 MW Shongtong-Karcham project also in Kinnaur.

The minister said discussions were also held on Tranche-IV loan of $315 million for the Shongtong-Karcham project. This loan is being funded under the investment programme to establish a sustainable power sector in the state in order to improve its finances.

Leave a Comment

Title : ADB to fund hyower project in Himachal


 
 
 
 

 
You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.


Security Validation

Enter the characters in the image