World Bank aid for power projects in northeast


The World Bank would provide the major share of a Rs.8,150-crore project to create infrastructure in the power sector in six northeastern states, officials said here Tuesday.

State-owned Power Grid Corporation of India Ltd (PGCIL) would execute the World Bank-aided projects in six of the eight northeastern states of India.

“The PGCIL last year signed agreements with Assam, Meghalaya, Mizoram, Manipur, Nagaland and Tripura for implementation of the ‘North Eastern Region Power System Improvement Project’,” an official of the Tripura power department told IANS.

He said: “The World Bank would provide a major portion of the Rs.8,150 crore ambitious project as loan. Under this project, power transmission lines, transmission sub-stations and related works would be done in a phased manner.”

The PGCIL, a “Navaratna” power transmission company, would also provide technical and managerial support for inter-state transmission and distribution systems. Read More

Source: http://www.business-standard.com/

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Categorised in: Power, Sector News

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