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OEM Update

ADB grants $ 750m for electricity distribution improvements in India [Nov 2011]

November 25, 2011 5:30 am

Asian Development Bank (ADB) to invest $ 750 million for power transmission systems that will help India efficiently transfer electricity to regions where the need is greatest, spurring growth and poverty reduction.
The loan financing for the national grid improvement project will allow the bulk transfer of electricity (3,000 MW) from independent power producers in Chhattisgarh, to areas of high demand in the north, including the national capital territory of Delhi. It will be done through the establishment of a 1,300 km interregional transmission link using 800 kV high voltage direct current (HVDC) technology, a key driver of smart grid development. The funds will be made available to the POWERGRID.

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