Power Grid Corporation of India (PGCIL) has sought $500 million loan assistance from the World Bank for financing projects.
Power Grid is engaged in building transmission projects across the country. It also provides consultancy services in the power sector.
According to PGCIL, discussions are undergoing with the Ministry of Power (MoP) and Ministry of Finance (MoF) and the World Bank regarding funding assistance of transmission systems for evacuation of power from the solar parks.
For funding of its other transmission projects, Power Grid has submitted a proposal to the Ministry of Power for recommending it for consideration of Finance Ministry for sovereign loan assistance of $500 million from the World Bank.
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