Power Grid Corporation of India Ltd (PGCIL) has earlier signed three loan agreements with World Bank for development of Power Systems; currently the disbursements are being availed.
Presently, following three loans are ongoing, i.e. disbursements being availed:
- Power System Development Project-IV (No. 4890-IN) - Loan amount: USD 600 million, loan signed on 28th March 2008;
- Additional Financing for Power System Development Project-IV (No. 7593-IN) - Loan amount: USD 400 million, loan signed on 27th January 2009; and
- Power System Development Project-V (No. 7787-IN) - Loan amount: USD 1000 million, loan signed on 13th October 2009.
Major projects being funded by the above loans are:
- ±500kV, 2500MW Balia - Bhiwadi HVDC Bipole System.
- East-West Transmission Corridor Strengthening Scheme.
- North-West Transmission Corridor Strengthening Scheme.
- Western Region System Strengthening Scheme-II.
- Eastern Region System Strengthening Scheme-I.
- System Strengthening–XIII in Southern Regional Grid.
- Northern Region System Strengthening Scheme- XXIV.
- System Strengthening–XVII in Southern Regional Grid.
- System Strengthening in Western Region for Sasan UMPP.
- System Strengthening in Western Region for Mundra UMPP.
- System Strengthening in Northern Region for Sasan and Mundra UMPP.
- System Strengthening in Southern and Western Region for Krishnapatnam UMPP.
- Northern Region System Strengthening Scheme-XXV.
- Northern Region System Strengthening Scheme-XXVI.
Thus, these loans shall facilitate strengthening of the power transmission network across the country including inter-regional link and evacuation of power from Ultra Mega Power Projects like Sasan, Mundra and Krishnapatnam.
More Literature on this topic:
- http://pib.nic.in/newsite/erelease.aspx?relid=83103
- http://www.infraline.com/todaynews/Ministry-Of-Power-Loan-Agreement-With-World-Bank/1/3/3/05_05_2012.htm
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